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On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the companys records showed the following items. Cash

On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the companys records showed the following items.

Cash $ 22,500
Accounts receivable 18,300
Office supplies 6,300
Automobiles 49,000
Office equipment 26,290
Accounts payable 8,800
Owners investments 97,000
Owners withdrawals 5,310
Wedding consulting revenue 35,000
Rent expense 3,200
Salaries expense 7,300
Telephone expense 1,810
Utilities expenses 790

Use the above information prepare a November 30 balance sheet for Extraordinary Studios. (Do not round intermediate calculations.)

Analysis Component: Identify how much of the assets held by Extraordinary Studios are financed by the owner, Jean Higgins.

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