Question
On November 1, 2023, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2023, the company's records showed the following items.
On November 1, 2023, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2023, the company's records showed the following items. Cash Accounts receivable Office supplies Automobiles Office equipment Accounts payable $22,000 18,200 6,200 48,000 26,210 8,700 Owner's investments 96,000 Owner's withdrawals 5,160 Wedding consulting revenue 34,000 Rent expense 3,150 Salaries expense 7,200 Telephone expense 1,800 Utilities expenses 780 Use the above information to prepare a November income statement for the business. EXTRAORDINARY STUDIOS Income Statement For Month Ended November 30, 2023 Revenues: Operating expenses
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