Prepare an Income Statement for Paw Prints Pet Sitters

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

The following transactions occurred during the month of November.

a. Collected $460 from credit customers.

b. Issued a check for $790 for November's rent.

c. Paid $1,300 for salaries.

d. The owner withdrew $670 in cash for personal expenses.

e. Issued a check for $275 to pay the monthly utility bill.

f. Received $2,400 in cash for services performed.

g. Purchased office equipment for $1,460 on credit.

Required -

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.