Prepare a November income statement for the business

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Question - On November 1, 2017, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2017, the company's records showed the following items.

Cash $16,500

Accounts receivable 17,100

Office supplies 5,100

Automobiles 37,000

Office equipment 25,330

Accounts payable 7,600

Owner's investments 85,000

Owner's withdrawals 3,510

Wedding consulting revenue 23,000

Rent expense 2,600

Salaries expense 6,100

Telephone expense 1,690

Utilities expenses 670

Required - Use the above information to prepare a November income statement for the business.

Reference no: EM133009046

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