Johann Wheldon, owner of Wheldon Stenciling Service, has requested that you prepare from the following balances

(a) An income statement for November 201X,

(b) A statement of owner’s equity for November,

(c) A balance sheet as of November 30,201X.

Transcribed Image Text:

51,900 Stenciling Fees Cash Accounts Receivable Equipment Accounts Payable J. Wheldon, Capital, Nov. 1, 201X J. Wheldon, Withdrawals $2,600 650 Advertising Expense 110 20 225 155 375 1,025 Repair Expense 250 2,510 900 Travel Expense Supplies Expense Rent Expense