Reference no: EM132473686
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash 19,500 Fees Income-0-
Accounts Receivable 820 Rent Expense-0-
Office Equipment 2,200 Utilities Expense-0-
Supplies 220 Salaries Expense-0-
Accounts Payable 1,200
Kelly Connor, Capital 21,540
Kelly Connor, Drawing -0-
The following transactions occurred during the month of November.
Point 1: Collected $320 from credit customers.
Point 2: Issued a check for $730 for November's rent.
Point 3: Paid $1,700 for salaries.
Point 4: The owner withdrew $530 in cash for personal expenses.
Point 5: Issued a check for $230 to pay the monthly utility bill.
Point 6: Received $2,710 in cash for services performed.
Point 7: Purchased office equipment for $1,320 on credit.
- Post the above transactions into the appropriate T accounts.
- Using the information above, how do you prepare a trial balance?
Question 1: How do you create an income statement for Paw Prints Pet Sitters for month ended November 30, 2019?
Question 2: How do you create a statement of owner's equity for Paw Prints Pet Sitters for the month end November 30, 2019?
Question 3: How do you create a balance sheet for Paw Prints Pet Sitters as of November 30, 2019?