Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. Cash 19,450 Fees Income -0- Accounts Receivable 810 Rent Expense

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.

Cash 19,450 Fees Income -0-
Accounts Receivable 810 Rent Expense -0-
Office Equipment 2,100 Utilities Expense -0-
Supplies 210 Salaries Expense -0-
Accounts Payable 1,100
Kelly Connor, Capital 21,470
Kelly Connor, Drawing -0-

The following transactions occurred during the month of November.

Collected $310 from credit customers.

Issued a check for $720 for November's rent.

Paid $1,750 for salaries.

The owner withdrew $520 in cash for personal expenses.

Issued a check for $220 to pay the monthly utility bill.

Received $2,705 in cash for services performed.

Purchased office equipment for $1,310 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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management Accounting Budgeting Tracking And Reporting Costs And Profitability

Authors: Kevin R. Callahan, Gary S. Stetz, Lynn M. Brooks

1st Edition

0470044691, 978-0470044698

More Books

Students also viewed these Accounting questions