Required information [The following information applies to the questions displayed below.]
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash 19,600 Fees Income -0-
Accounts Receivable 840 Rent Expense -0-
Office Equipment 2,400 Utilities Expense -0-
Supplies 240 Salaries Expense -0-
Accounts Payable 1,400
Kelly Connor, Capital 21,680
Kelly Connor, Drawing -0-
The following transactions occurred during the month of November.
Collected $320 from credit customers.
Issued a check for $730 for November's rent.
Paid $1,700 for salaries.
The owner withdrew $530 in cash for personal expenses.
Issued a check for $230 to pay the monthly utility bill.
Received $2,710 in cash for services performed.
Purchased office equipment for $1,320 on credit.
Prepare an income statement for Paw Prints Pet Sitters for month ended November 30, 2019.
Prepare a statement of ownerâs equity for Paw Prints Pet Sitters for the month end November 30, 2019.
Prepare a balance sheet for Paw Prints Pet Sitters as of November 30, 2019.