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116-008. Assume the November transactions for Camindo Co. are as follows: a. Received cash of $60,000 from investors in exchange for common stock. b. Provided

116-008. Assume the November transactions for Camindo Co. are as follows:

a.

Received cash of $60,000 from investors in exchange for common stock.

b.

Provided services of $16,300 on account.

c.

Purchased supplies on account $750.

d.

Received cash of $11,800 from clients for services previously billed.

e.

Received $6,250 for services provided from clients who paid cash.

f.

Paid $600 on account for supplies that had been purchased.

g.

Paid $3,380 for a one-year insurance policy.

h.

Paid the following expenses: wages, $7,800; utilities, $1,000; rent, $3,750.

i.

Paid dividends of $2,300 to stockholders.

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Record the transactions, using the integrated financial statement framework that follows: Assets = Liabilities + Stockholders' Equity Cash Accounts Receivable Prepaid Supplies Insurance Accounts Payable Common Retained | Stock Earnings Bal. Calculate the November 30 cash balance and the amount of net income for November for Hoover Co

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