Use the trial balance provided above to prepare an income statement and statement of changes in equity for the first month ended November 30, 2014, and a balance sheet at November 30, 2014.

Analysis Component: Prepare two journal entries, including explanations: one that would have caused Accounts Receivable to increase, and one that would have caused it to decrease. Use November 30, 2014, as the date for your entries.

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Rush Innovations Trial Balance November 30, 2014 Acct. No. Account Title Debit Credit 101 Cashnn 106 Accounts receivablea 124 Office supplies 128 Prepaid insurance.. 13 Prepaid rent. 163 Office equipment... 201 Accounts payable.... 301 Jay Rush, capital 302 ay Rush, withdrawals 401 Service fees earned 680 Wages expense 690 Utilities expense. $23,480 7,000 5,800 10,400 21,000 68,000 S 3,400 146,000 10,600 16,000 2.920 15,800 Totals 165,200 165,200