On November 1, 2020, Jean Higgins started a wedding planning company, Extraordinary Studios. On November 30, 2020, the company?s records showed the following items. Use this information to prepare a November income statement for the business, similar to Exhibit 1.8.

Exhibit 1.8.

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Owner's withdrawals. Wedding consulting revenue. Rent expense. Cash ............. $ 3,360 22,000 2,550 $16,000 17,000 5,000 Accounts receivable. Office supplies. Salaries expense. 6,000 Automobiles. 36,000 Office equipment. Accounts payable. Owner's investments. 25,250 Telephone expense. 1,680 Utilities expenses. 7,500 660 84,000 Organico Income Statement For Month Ended March 31, 2020 Revenues: Food services revenue. Teaching revenue Total revenues. Operating expenses: Rent expense. Salaries expense. Total operating expenses. Profit. $3,800 300 $4,100 $1,000 700 1,700 $2,400