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On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company's records showed the following items.
On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company's records showed the following items. Cash Accounts receivable Office supplies Automobiles Office equipment Accounts payable $16,500 17,100 5,100 37,000 25,330 7,600 Owner's investments 85,000 Owner's withdrawals 3,510 Wedding consulting revenue 23,000 Rent expense 2,600 Salaries expense 6,100 Telephone expense. 1,690 Utilities expenses 670 Use the above information to prepare a November income statement for the business. EXTRAORDINARY STUDIOS Income Statement For Month Ended November 30, 2020 Revenues: Operating expenses:
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