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On November 1, 2023, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2023, the companys records showed the following items. Cash
On November 1, 2023, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2023, the companys records showed the following items.
Cash | $ | 24,500 |
Accounts receivable | 18,700 | |
Office supplies | 6,700 | |
Automobiles | 53,000 | |
Office equipment | 26,610 | |
Accounts payable | 9,200 | |
Owners investments | 101,000 | |
Owners withdrawals | 5,910 | |
Wedding consulting revenue | 39,000 | |
Rent expense | 3,400 | |
Salaries expense | 7,700 | |
Telephone expense | 1,850 | |
Utilities expenses | 830 | |
Use the above information to prepare a November 30 balance sheet for Extraordinary Studios.
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