Reference no: EM132473701

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below.

Cash                           19,500                                                   Fees Income -0-

Accounts Receivable           820                                                   Rent Expense -0-

Office Equipment              2,200                                               Utilities Expense -0-

Supplies                             220                                               Salaries Expense -0-

Accounts Payable              1,200

Kelly Connor, Capital         21,540

Kelly Connor, Drawing -0-

The following transactions occurred during the month of November.

Point 1: Collected $320 from credit customers.

Point 2: Issued a check for $730 for November's rent.

Point 3: Paid $1,700 for salaries.

Point 4: The owner withdrew $530 in cash for personal expenses.

Point 5: Issued a check for $230 to pay the monthly utility bill.

Point 6: Received $2,710 in cash for services performed.

Point 7: Purchased office equipment for $1,320 on credit.

• Post the above transactions into the appropriate T accounts.
• Using the information shown, prepare a trial balance for Paw Prints Pet Sitters at November 30, 2019.

Question 1: How do you create an income statement for Paw Prints Pet Sitters for month ended November 30, 2019?

Question 2: How do you create a statement of owner's equity for Paw Prints Pet Sitters for the month end November 30, 2019?

Question 3: How do you create a balance sheet for Paw Prints Pet Sitters as of November 30, 2019?