Use the facts in Exercise 1-8 to prepare a November 30 balance sheet for The Higgins Group, similar to Exhibit 1.10.
In exercise 1-10

Analysis Component: Identify how much of the assets held by The Higgins Group are financed by the owner, Jean Higgins.

16,000 Owner's withdrawals 3,360 ... 22,000 Consulting fees earned Accounts receivable.. 17,000 5,000 Rent expense. Automobiles.36,000 Salaries expens Office equipment. 25,250 Accounts payable.... 6,000 1,680 660 Telephone expense.. ....7 7,500 Utilities expenses. 84,000