Question

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

Cash	19,550		Fees Income	-0-
Accounts Receivable	830		Rent Expense	-0-
Office Equipment	2,300		Utilities Expense	-0-
Supplies	230		Salaries Expense	-0-
Accounts Payable	1,300
Kelly Connor, Capital	21,610
Kelly Connor, Drawing	-0-

The following transactions occurred during the month of November.

1. Collected $330 from credit customers.
2. Issued a check for $740 for November's rent.
3. Paid $1,650 for salaries.
4. The owner withdrew $540 in cash for personal expenses.
5. Issued a check for $240 to pay the monthly utility bill.
6. Received $2,715 in cash for services performed.
7. Purchased office equipment for $1,330 on credit.

Using the information shown, prepare a trial balance for Paw Prints Pet Sitters at November 30, 2019.

Answer 1

Solution:

Paw Prints Sitters
Trial Balance
At November 30, 2019
Cash (19550+330-740-1650-540-240+2715)	$19,425
Accounts receivable ($830-$330)	$500
Office Equipment (2300+1330)	$3,630
Supplies	$230
Accounts Payable (1300+1330)		$2,630
Kelly Connor, Capital		$21,610
Kelly Connor, Drawing	$540
Fees Income		$2,715
Rent expense	$740
Utilities expense	$240
Salaries expense	$1,650
Total	$26,955	$26,955