Question
Required information [ The following information applies to the questions displayed below. ] The accounts and balances for Paw Prints Pet Sitters on November 1
Required information
[The following information applies to the questions displayed below.]
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash | 19,600 | Fees Income | -0- | ||
Accounts Receivable | 840 | Rent Expense | -0- | ||
Office Equipment | 2,400 | Utilities Expense | -0- | ||
Supplies | 240 | Salaries Expense | -0- | ||
Accounts Payable | 1,400 | ||||
Kelly Connor, Capital | 21,680 | ||||
Kelly Connor, Drawing | -0- | ||||
The following transactions occurred during the month of November.
- Collected $340 from credit customers.
- Issued a check for $750 for November's rent.
- Paid $1,700 for salaries.
- The owner withdrew $550 in cash for personal expenses.
- Issued a check for $250 to pay the monthly utility bill.
- Received $2,720 in cash for services performed.
- Purchased office equipment for $1,340 on credit
- Prepare an income statement for Paw Prints Pet Sitters for month ended November 30, 2019.
- Prepare a statement of owners equity for Paw Prints Pet Sitters for the month end November 30, 2019.
- Prepare a balance sheet for Paw Prints Pet Sitters as of November 30, 2019.
I have to show the following:
Income Statement- that includes all figures relate to income, with revenue, expenses and the total expenses. Along each of these figures i have to ensure that i am using the proper titling of stated income. Such as $XYZ Amount-Pertains to Accounts payable, Utilities Expense etc...
Owners Equity- this also has to include everything related to the equity the owner has as a result of these transactions.
Balance Sheet- this has to detail all of the assets, liabilities and owners equity, I also need the total in assets, then the total for liabilities and equity.
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