Use the facts in Exercise 1-8 to prepare a November statement of changes in equity for The Higgins Group, similar to Exhibit 1.9.
In exercise 1-10

Analysis Component: What activities caused equity to increase during the month of November 2014?

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