Reference no: EM132363320
Required information
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
|
Cash
|
20,050
|
Fees Income
|
-0-
|
|
Accounts Receivable
|
930
|
Rent Expense
|
-e-
|
|
Office Equipment
|
3,300
|
Utilities Expense
|
-0-
|
|
Supplies
|
330
|
Salaries Expense
|
-e-
|
|
Accounts Payable
|
2,300
|
|
|
|
Kelly Connor, Capital
|
22,310
|
|
|
|
Kelly Connor, Drawing
|
-0-
|
|
|
Kelly Connor, Drawing -0-
The following transactions occurred during the month of November
a. Collected $430 from credit customers.
b. Issued a check for $760 for November's rent.
c. Paid $1,300 for salaries.
d. The owner withdrew $640 in cash for personal expenses.
e. Issued a check for $245 to pay the monthly utility bill.
f. Received $2,340 in cash for services performed.
g. Purchased office equipment for $1.430 on credit.
1. Prepare an income statement for Paw Prints Pet Sitters for month ended November 30. 2019.
2. Prepare a statement of owner's equity for Paw Prints Pet Sitters for the month end November 30, 2019.
3. Prepare a balance sheet for Paw Prints Pet Sitters as of November 30, 2019.