From the information given below,prepare a November income statement,a November statement of retained earnings,and a November 30 balance sheet.On November 1 of the current year,Victoria Garza,the sole stockholder,began Garza Décor with an initial investment of $50,000 cash in exchange for common stock.On November 30,her records showed the following items and amounts.
Definitions:
Major Organic Product
The primary product formed in the greatest yield during an organic chemical reaction.
Alkyl Halides
Organic compounds containing a halogen atom bonded to an alkyl group, used in various chemical reactions and as intermediates in organic synthesis.
Hot Methanol
Methanol used at an elevated temperature in chemical reactions or extraction processes.
Major Organic Product
The primary chemical compound formed in the largest quantity from an organic reaction.
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