Determine the amount of net income for november

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Reference no: EM13259334

Financial information related to the proprietorship of plexiglassinterior for october and november 2010
is as follows:
                                                 october 31,2010                         november 30, 2010
acc.payable                                   $46,200                                       49,800
acc.receivable                                 102,000                                     117,375
capital                                               ?                                                  ?
cash                                               180,000                                     306,000
supplies                                           9,000                                         7,500

a- Prepare balance sheets for plexiglass interiors as of october 31and as of november 30, 2010.

b- Determine the amount of net income for november, assuming that the owner made no additional investment or withdrawals during the month.

c- determine the amount of net income for november, assuming thatthe owner made no addtional investments but withdrew $37,500 duringthe month.

Reference no: EM13259334

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