Required information [The following information applies to the questions displayed below.] The accounts and balances for Paw Prints...

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Accounting

Required information

[The following information applies to the questionsdisplayed below.]

The accounts and balances for Paw Prints Pet Sitters on November1 are provided below.

Cash19,600Fees Income-0-
Accounts Receivable840Rent Expense-0-
Office Equipment2,400Utilities Expense-0-
Supplies240Salaries Expense-0-
Accounts Payable1,400
Kelly Connor, Capital21,680
Kelly Connor, Drawing-0-


The following transactions occurred during the month ofNovember.

  1. Collected $340 from credit customers.
  2. Issued a check for $750 for November's rent.
  3. Paid $1,700 for salaries.
  4. The owner withdrew $550 in cash for personal expenses.
  5. Issued a check for $250 to pay the monthly utility bill.
  6. Received $2,720 in cash for services performed.
  7. Purchased office equipment for $1,340 on credit
  1. Prepare an income statement for Paw Prints Pet Sitters formonth ended November 30, 2019.
  2. Prepare a statement of owner’s equity for Paw Prints PetSitters for the month end November 30, 2019.
  3. Prepare a balance sheet for Paw Prints Pet Sitters as ofNovember 30, 2019.

I have to show the following:

Income Statement- that includes all figuresrelate to income, with revenue, expenses and the total expenses.Along each of these figures i have to ensure that i am using theproper titling of stated income. Such as $XYZ Amount-Pertains toAccounts payable, Utilities Expense etc...

Owners Equity- this also has to includeeverything related to the equity the owner has as a result of thesetransactions.

Balance Sheet- this has to detail all of theassets, liabilities and owners equity, I also need the total inassets, then the total for liabilities and equity.

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