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. Cash
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 | 22,500 |
Accounts receivable | 18,300 |
Office supplies | 6,300 |
Automobiles | 49,000 |
Office equipment | 26,290 |
Accounts payable | 8,800 |
Owner's investments | 97,000 |
Owner's withdrawals | 5,310 |
Wedding consulting revenue | 35,000 |
Rent expense | 3,200 |
Salaries expense | 7.300 |
Telephone expense | 1,810 |
Utilities expenses | 790 |
Prepare a November statement of changes In equity for Extraordinary Studios
EXTRAORDINARY STUDIOS |
|
|
Statement of Changes in Equity |
|
|
For Month Ended November 30, 2023 |
|
|
Jean Higgins, capital, November 1 |
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
Jean Higgins, capital, November 30 |
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started