Prepare an income statement for November.
On November 1, 2020, the account balances of Blossom Equipment Repair were as follows. Debits No. Credits No. 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $2,140 2,600 1,220 722 14,518 $21,200 $2,380 154 Accumulated Depreciation-Equipment 4,220 201 Accounts Payable 1,760 209 212 301 Unearned Service Revenue Salaries and Wages Payable owner's Capital 12,840 $21,200 During November, the following summary transactions were completed. Nov. 8 Paid $1,680 for salaries due employees, of which $722 is for October salaries. 10 Received $3,450 cash from customers on account. 12 Received $3,100 cash for services performed in November. 15 Purchased equipment on account $1,990 17 Purchased supplies on account $650. 20 Paid creditors on account $2,720 22 Paid November rent $370. 25 Paid salaries $1,680. 27 Performed services on account and billed customers for these services $1,930. 29 Received $640 from customers for future service. Prepare an owner's equity statement for November. (List items that increase owner's equi BLOSSOM EQUIPMENT REPAIR Owner's Equity Statement On November 1, 2020, the account balances of Blossom Equipment Repair were as follows. Debits No. Credits No. 101 Cash 112 Accounts Receivable 126 Supplies 153 Equipment $2,140 2,600 1,220 722 14,518 $21,200 $2,380 154 Accumulated Depreciation-Equipment 4,220 201 Accounts Payable 1,760 209 212 301 Unearned Service Revenue Salaries and Wages Payable owner's Capital 12,840 $21,200 During November, the following summary transactions were completed. Nov. 8 Paid $1,680 for salaries due employees, of which $722 is for October salaries. 10 Received $3,450 cash from customers on account. 12 Received $3,100 cash for services performed in November. 15 Purchased equipment on account $1,990 17 Purchased supplies on account $650. 20 Paid creditors on account $2,720 22 Paid November rent $370. 25 Paid salaries $1,680. 27 Performed services on account and billed customers for these services $1,930. 29 Received $640 from customers for future service. Prepare an owner's equity statement for November. (List items that increase owner's equi BLOSSOM EQUIPMENT REPAIR Owner's Equity Statement