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The accounts and balances for Paw Prints Pet Sitters on November 1 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 of November.

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 for month ended November 30, 2019.
2. Prepare a statement of owner’s equity for Paw Prints Pet Sitters for the month end November 30, 2019.
3. Prepare a balance sheet for Paw Prints Pet Sitters as of November 30, 2019.

I have to show the following:

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

Owners Equity- this also has to include everything related to the equity the owner has as a result of these transactions.

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

Answer 1