Required information
[The following information applies to the questionsdisplayed below.]
The accounts and balances for Paw Prints Pet Sitters on November1 are provided below.
| | | | |
Cash | 19,600 | | Fees Income | -0- |
Accounts Receivable | 840 | | Rent Expense | -0- |
Office Equipment | 2,400 | | Utilities Expense | -0- |
Supplies | 240 | | Salaries Expense | -0- |
Accounts Payable | 1,400 | | | |
Kelly Connor, Capital | 21,680 | | | |
Kelly Connor, Drawing | -0- | | | |
|
The following transactions occurred during the month ofNovember.
- Collected $340 from credit customers.
- Issued a check for $750 for November's rent.
- Paid $1,700 for salaries.
- The owner withdrew $550 in cash for personal expenses.
- Issued a check for $250 to pay the monthly utility bill.
- Received $2,720 in cash for services performed.
- Purchased office equipment for $1,340 on credit
- Prepare an income statement for Paw Prints Pet Sitters formonth ended November 30, 2019.
- Prepare a statement of owner’s equity for Paw Prints PetSitters for the month end November 30, 2019.
- 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.