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Exercise 1-9 Income statement LO6 CHECK FIGURE: Profit = $11,110 On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On
Exercise 1-9 Income statement LO6 CHECK FIGURE: Profit = $11,110 On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On Novem- ber 30, 2020, the company's records showed the following items. Use this information to prepare a November income statement for the business, similar to Exhibit 1.8. Cash. Accounts receivable... Office supplies. Automobiles... Office equipment. ccounts payable.... wner's investments. $16,000 Owner's withdrawals. 17,000 Wedding consulting revenue. 5,000 Rent expense 36,000 Salaries expense.. 25,250 Telephone expense. 7,500 Utilities expenses. 84,000 ercise 1-10 Statement of changes in equity LO6 November 30 - $91750. $ 3,360 22,000 2,550 6,000 1,680 660
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