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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. Cash
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 Owner's investments Owner's withdrawals Wedding consulting revenue Rent expense Salaries expense Telephone expense Utilities expenses $21,000 18,000 6,000 46,000 26,050 8,500 94,000 4,860 32,000 3,050 7,000 1,780 760 Prepare a November statement of changes in equity for Extraordinary Studios. Prepare a November statement of changes in equity for Extraordinary Studios. & 02:40 04 EXTRAORDINARY STUDIOS Statement of Changes in Equity Skipped For Month Ended November 30, 2020 Jean Higgins, capital, November 1 Total Jean Higgins, capital, November 30 Analysis Component What activities caused equity to increase during the month of November 2020? (You may select more than one answer. Sing the box with the question mark to produce a check mark for a correct answer and double click the box with the question empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Investments in assets by Jean Higgins. ? Profit earned during the month. ? Withdrawals by Jean Higgins. 2 Change in accounts receivable. ? Sale of automobiles
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