Reference no: EM132441075
Question - The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash
|
20,200
|
Fees Income
|
0
|
Accounts Receivable
|
960
|
Rent Expense
|
0
|
Office Equipment
|
3,600
|
Utilities Expense
|
0
|
Supplies
|
360
|
Salaries Expense
|
0
|
Accounts Payable
|
2,600
|
|
|
Kelly Connor, Capital
|
22,520
|
|
|
Kelly Connor, Drawing
|
0
|
|
|
The following transactions occurred during the month of November.
a. Collected $460 from credit customers.
b. Issued a check for $790 for November's rent.
c. Paid $1,300 for salaries.
d. The owner withdrew $670 in cash for personal expenses.
e. Issued a check for $275 to pay the monthly utility bill.
f. Received $2,400 in cash for services performed.
g. Purchased office equipment for $1,460 on credit.
Required -
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.