The following account information, in alphabetical order, was taken from the work sheet of Compu-Soft for the month ended November 30, 2014.
Required
a. Prepare a multiple-step income statement for the month ended November 30, 2014.
b. Prepare closing entries.
c. Calculate the post-closing balance in the capital account at November 30, 2014.

Analysis Component:
Assume that for the month ended October 31, 2014, net sales were $32,000, cost of goods sold was $19,200, and income from operations was $8,000. Calculate and compare the company's gross profit ratios for October and November.

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Adjusted Trial Balance Credit $ 750 Account Debit 201 Accounts payable 106 Accounts receivable 166 Accumulated depreciation, store equipment.. 101 Cash 502 Cost of goods sold 612 Depreciation expense, store equipment 301 Peter Delta, capital 302 Peter Delta, withdrawals 406 Rent revenue 413 Sales 415 Sales discounts 414 Sales returns and allowances 165 Store equipment 690 Utilities expense 623 Wages expense 1,200 4,600 2,100 14,800 120 1,935 4,600 2,500 29,400 45 720 7,200 2,100 6,300 Totals $39,185 39,185