Question
ADM Company is a service business in Ottawa. The items listed below are taken from the month of November 2022. All accounts have the
ADM Company is a service business in Ottawa. The items listed below are taken from the month of November 2022. All accounts have the normal balance. Retained earnings, November 1 Common shares Accounts payable Office equipment Service revenue Dividends paid Office supplies expense Cash Utilities expense Office supplies Salaries expense Accounts receivable Rent expense Income tax expense Accumulated depreciation-office equipment Depreciation expense Operating income for the month ended November 30, 2022 is $9,800 $15,000 $15,500 $14,300 $15,000 28,000 10,000 30,000 29,000 6,000 3,500 16,000 700 2,800 7,000 14,000 3,000 4,500 6,000 500
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