Answered step by step
Verified Expert Solution
Question
1 Approved Answer
[ The following information applies to the questions displayed below. ] The accounts and balances for Paw Prints Pet Sitters on November 1 are provided
[The following information applies to the questions displayed below.]
The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.
Cash19,400Fees Income-0-Accounts Receivable800Rent Expense-0-Office Equipment2,000Utilities Expense-0-Supplies200Salaries Expense-0-Accounts Payable1,000Kelly Connor, Capital21,400Kelly Connor, Drawing-0-
The following transactions occurred during the month of November.
- Collected $300 from credit customers.
- Issued a check for $710 for November's rent.
- Paid $1,700 for salaries.
- The owner withdrew $510 in cash for personal expenses.
- Issued a check for $210 to pay the monthly utility bill.
- Received $2,700 in cash for services performed.
- Purchased office equipment for $1,300 on credit.
- Using the information shown, create a trial balance for Paw Prints Pet Sitters at November 30, 2019.
- Complete an income statement for Paw Prints Pet Sitters for month ended November 30, 2019.
- Complete a statement of owner's equity for Paw Prints Pet Sitters for the month end November 30, 2019.
- Complete 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