The following transactions took place during November, 20XX
1 Molly invested cash in business, $20,000.
1 Purchased (2) new ovens on account for $6,300. The ovens have estimated useful lives of 7 years. The ovens will be paid for in January, with no interest.
1 Molly paid rent for November and December, $3,000 total.
4 Purchased food supplies from Sammy's Super Market on account, $2,000.
7 Deposited meal delivery fees, $3,400
10 Paid wages to kitchen workers, $2,000.
11 Purchased kitchen supplies with cash, $500.
14 Deposited meal delivery fees, $3,000.
15 Purchased food supplies from Sammy's Super Market on account, $2,500.
21 Deposited meal delivery fees, $3,200.
24 Paid wages to kitchen workers, $2,050.
28 Deposited meal delivery fees, $3,050
30 Paid phone bill, $200.
30 Paid utilities bill, $500.
30 Molly Murphy withdrew cash for personal use, $3,000.
Adjustment information for the end of November is provided below.
(a) Food supplies remaining on hand, $2050. Beginning balance was $2100
(b) Kitchen supplies used during the month, $600. Beginning balance was $1200.
(c) November rent was used.
(d) Depreciation on the kitchen ovens for November, $75. All other ovens and kitchen equipment were fully depreciated earlier in the year.
(e) Wages earned, but not yet paid at end of November, $950.
MOLLY'S MEAL DELIVERY SERVICE
WORKSHEEET

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BALANCE SHEEET TRIAL ADJUSTED TRIAL INCOME ADJUSTMENTS BALANCE BALANCE STATEMENT ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Cash $20,000 Food Supplies Kitchen Supplies Prepaid Rent $4,500 $500 $3,000 Ovens $6,300 Accum. Depr. - Ovens Kitchen Equipment Accum. Depr. - Kitchen Equipment Accounts Payable Wages Payable Molly Murphy, Capital Molly Murphy, Drawing Meal Delivery Revenue Food Supply Expense Wage Expense Rent Expense Kitchen Supply Expense Phone Expense Utilities Expense Depr. Expense - Ovens Depr. Expense - Kitchen Equipment $6,300 $34,300 $6,300 so so so so so TOTALS so Net Income SO sO