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. 20.250 Fees Income • • • Cash Accounts Receivable 970 Rent Expense Office Equipment 3.700 Utilities Expense Supplies 370 Salarles Expense Accounts Payable 2700 Kelly Connor, Capital 22.590 Kelly Connor, Drawing The following transactions occurred during the month of November a. Collected $470 from credit customers b. Issued a check for $800 for rent c. Paid $1.400 for salaries d. The owner withdrew $680 in cash for personal expenses e issued a check for $285 to pay the monthly utility bill f Received $2.550 in cash for services performed 9. Purchased office equipment for $1.470 on credit

Answer 1

answer

	R=References
R	Cash				R	R	Kelly Connor Capital				R
	Beg .balance	20,250	Rent Expenses	800	b		Kelly Drawings	680	Beg .balance	22,590
a	Accounts Receivable	470	Salaries Expenses	1,400	c		End Balance	21910
f	Fees Income	2,550	Kelly' Drawings	680	d		Total	22590	Total	22590
			Utilities Expenses	285	e
			End Balance	20,105		R	Kelly Connor Drawings				R
						d	Cash	680	Kelly'capital	680
	Total	23,270	Total	23,270
							Total	680	Total	680
R	Accounts Receivable				R
	Beg .balance	970	Cash	470	a	R	Fees Income				R
							End Balance	2,650	Cash	2,650	f
			End Balance	500
	Total	970	Total	970			Total	2,650	Total	2,650
R	Supplies				R	R	Rent Expense				R
	Beg. balance	370				b	Cash	800	End Balance	800
			End Balance	370
	Total	370	Total	370			Total	800	Total	800
R	Office Equipment				R	R	Utilities Expense				R
	Beg .balance	3,700				e	Cash	285	End Balance	285
g	Accounts Payable	1,470	End Balance	5,170
								285	Total	285
	Total	5,170	Total	5,170
R	Accounts Payable				R
			Beg. balance	2,700		R	Salaries Expense				R
	End Balance	4,170	Office Equipment	1,470	g	c	Cash	1,400	End Balance	1,400
	Total	4,170	Total	4,170			Total	1,400	Total	1,400