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Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2048 November 30, 2018 Accounts payable $28,100 $30,300 Accounts
Financial information related to Montana Interiors for October and November 20Y8 is as follows: October 31, 2048 November 30, 2018 Accounts payable $28,100 $30,300 Accounts receivable 62,100 71,400 Capital stock ? ? Retained earnings 130,000 170,000 Cash 109,600 186,000 Supplies 5,500 4,600 a. Prepare a balance sheet for Montana Interiors as of October 31, 20Y8. Montana Interiors Balance Sheet October 31, 2048 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare a balance sheet for Montana Interiors as of November 30, 20Y8. Montana Interiors Balance Sheet August 31, 2048 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity OD Total liabilities and stockholders' equity b. Determine the amount of net income for November, assuming that no additional capital stock was issued and no dividends were paid during the month. $ c. Determine the amount of net income for November, assuming that no additional capital stock was issued, but dividends of $22,800 were paid during the month
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