From the Information Given Below,prepare a November Income Statement,a November

question 62

Essay

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.
$\begin{array}{|l|c|l|c|}\hline \text { Accounts payable } & \$ 12,000 & \text { Office furnishings . } & \$ 40,000 \\\hline \text { Accounts receivable. } & 19,000 & \text { Rent expense } & 9,600 \\\hline \text { Cash. } & 21,200 & \text { Salaries expense } & 4,200 \\\hline \text { Dividends. } & 6,000 & \text { Telephone expense. } &250 \\\hline \text { Fees earned. } & 34,000 & \text { Common stock } & 50,000 \\\hline \text { Notes payable } & 4,250 \\\hline\end{array}$

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Definitions:

Professional Veneer

The polished, often superficial, image or behavior a professional might adopt to conform to societal and occupational standards or expectations.

Willing

The state of being prepared or ready to take on challenges, often related to the process of change or engagement in therapeutic activities.

Emotional Expression

The process of making one's feelings known to others through verbal and non-verbal communication, which is crucial for emotional health.

Phenomenological Approaches

Refers to methodologies in psychology and philosophy focusing on the subjective experience of individuals and understanding consciousness from the first-person point of view.