On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November...
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Accounting
On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company's records showed the following items. Cash Accounts receivable. Office supplies Automobiles Office equipment Accounts payable $16,000 17,000 5,000 36,000 25,250 7,500 Owner's investments 84,000 Owner's withdrawals. 3,360 Wedding consulting revenue. 22,000 Rent expense 2,550 Salaries expense 6,000 Telephone expense 1,680 Utilities expenses 660 Use the above information prepare a November 30 balance sheet for Extraordinary Studios. (Do not round intermediate calculations.) EXTRAORDINARY STUDIOS Balance Sheet November 30, 2020 Assets Liabilities Equity Total assets: $ 0 Total liabilities and equity $ 0
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