Question

Required information [The following information applies to the questions displayed below.] The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. Cash Accounts Receivable Office Equipment Supplies Accounts Payable Kelly Connor, Capital Kelly Connor, Drawing 19,850 Fees Income -0- 890 Rent Expense -0- 2,900 Utilities Expense -0- 290 Salaries Expense -O- 1,900 22,030 -0- The following transactions occurred during the month of November a. Collected $390 from credit customers. b. Issued a check for $720 for November's rent. c. Paid $1,800 for salaries. d. The owner withdrew $600 in cash for personal expenses. e. Issued a check for $210 to pay the monthly utility bill. f. Received $2,745 in cash for services performed. g. Purchased office equipment for $1,390 on credit. Using the information shown, prepare a trial balance for Paw Prints Pet Sitters at November 30, 2019.

Answer 1

Answer:

GENERAL LEDGER Account receivable 890 $ 390 Beg Bal. $ Beg Bal. $ $ $ Office equipment $ 2,900 $ 1,390 Cash 19,850 390 $ 2,745 $ $ $ 19,655 Supplies 290 720 1,800 600 210 $ Bal. $ Bal. $ 4,290 Kelley Connor, Capital $ 22,030 $ Beg Bal. Beg Bal. 500 Account payable $ 1,900 $ 1,390 $ 3,290 Fees income Bal. Bal. $ 290 Kelley Connor, Drawing $ 22,030 Rent expense Beg Bal. Beg Bal. $ $ 600 600 Utilities expense $ 2,745 $ 2,745 Salaries expense $ $ 720 720 Bal. Beg Bal. $ $ 210 210 $ $ 1,800 1,800 Bal.

Credit $ PAW PRINTS PET SITTERS TRIAL BALANCE November 30, 2019 Account Name Debit Cash $ 19,655 Account receivable 500 Office equipment 4290 Supplies 290 Account payable Kelley Connor, Capital Kelley Connor, Drawing 600 Fees income Rent expense 720 Utilities expense 210 Salaries expense 1800 TOTAL $ 28,065 3290 22030 2745 $ 28,065

PAW PRINTS PET SITTERS Income Statement Month Ended November 30, 2019 Revenue: Fees income 2745 Expense: Rent expense Utilities expense Salaries expense Total expenses 720 210 1800 2730 Net Income $ 15

PAW PRINTS PET SITTERS Statement of Owner's Equity Month Ended November 30, 2019 Kelley Connor, Capital Add: Net income 22,030 15 22045 600 21,445 Less: Kelley Connor, Drawing Owner's Equity