The following information should be used for questions 100-102.The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. Cash19,450Fees Income-0-Accounts Receivable890Rent Expense-0-Office Equipment2,300Utilities Expense-0-Supplies 250Salaries Expense-0-Accounts Payable1,400??Kelly Connor, Capital21,490??Kelly Connor, Drawing-0-??The following transactions occurred during the month of November.a. Collected $350 from credit customersb. Issued a check for $700 for November's rentc. Paid $1,900 for salariesd. The owner withdrew $500 in cash for personal expensese. Issued a check for $200 to pay the monthly utility billf. Received $2,845 in cash for services performedg. Purchased office equipment for $1,350 on creditUsing the information shown,
prepare a trial balance for Paw Prints Pet Sitters at November 30, 2019.
What will be an ideal response?
PAW PRINTS PET SITTERS Trial Balance November 30, 2019 | ||
ACCOUNT NAME | DEBIT | CREDIT |
Cash | $19,345 | ? |
Accounts Receivable | 540 | ? |
Supplies | 250 | ? |
Office Equipment | 3,650 | ? |
Accounts Payable | ? | $2,750 |
Kelly Connor, Capital | ? | 21,490 |
Kelly Connor, Drawing | 500 | ? |
Fees Income | ? | 2,845 |
Rent Expense | 700 | ? |
Utilities Expense | 200 | ? |
Salaries Expense | 1,900 | ? |
Totals | $27,085 | $27,085 |
You might also like to view...
The amount in the Subscriptions Sold in Advance account should be carried over from the adjusted trial balance of the 10-column work sheet to which of the following columns?
a. Income statement as a debit b. Income statement as a credit c. Balance sheet as a debit d. Balance sheet as a credit
Answer the following statements true (T) or false (F)
1. Job applicants should use the business letter format of written communication to write cover letters for job applications. 2. Anyone being asked to write a letter of recommendation should be specifically asked if they would be willing to write a favorable letter. 3. Process directives are a form of written communication that addresses changes in company policies. 4. Written proposals should only include bulleted lists of objectives. 5. Interview data is a type of qualitative information included in business reports.
Generic competition is inward orientated
Indicate whether the statement is true or false
Which of the following is not one of the key trust factors between the firm and the stakeholder____________?
a. Rational prediction of outcomes b. Emotion c. Financial return d. A clear moral element