Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. Cash 19,550 Fees Income -0- Accounts Receivable 830 Rent Expense
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash | 19,550 | Fees Income | -0- | ||
Accounts Receivable | 830 | Rent Expense | -0- | ||
Office Equipment | 2,300 | Utilities Expense | -0- | ||
Supplies | 230 | Salaries Expense | -0- | ||
Accounts Payable | 1,300 | ||||
Kelly Connor, Capital | 21,610 | ||||
Kelly Connor, Drawing | -0- | ||||
The following transactions occurred during the month of November.
- Collected $330 from credit customers.
- Issued a check for $740 for November's rent.
- Paid $1,650 for salaries.
- The owner withdrew $540 in cash for personal expenses.
- Issued a check for $240 to pay the monthly utility bill.
- Received $2,715 in cash for services performed.
- Purchased office equipment for $1,330 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
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