From the Information Given,prepare a November 30 Balance Sheet

question 58

Essay

From the information given,prepare a November 30 balance sheet.
On November 1 of the current year,Lois Bell began Lois Bell,Interior Design as a corporation with an initial investment of $50,000 cash.On November 30 her records showed the following (alphabetically arranged)selected accounts and amounts:
$\begin{array}{|l|r|l|r|}\hline\text { Accounts Payable } & \$ 12,000 & \text { Office furnishings } & \$ 40,000 \\\hline \text { Accounts Receivable } & 23,000 & \text { Dividends } & 6,000 \\\hline \text { Cash } & 17,200 & \text { Rent expense } & 3,600 \\\hline \text { Fees earned } & 30,000 & \text { Salaries expense } & 6,200 \\\hline \text { Notes payable } & 4,250 & \text { Telephone expense } & 250\\\hline\end{array}$

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Definitions:

Trachea

The windpipe, a tube connecting the larynx to the bronchi, allowing the passage of air to the lungs.

Ciliated Epithelium

A type of epithelial tissue with surface cells bearing cilia, which help in moving particles or fluid over the epithelial surface.

Tracheobronchial Tree

The network of air passages within the lungs, including the trachea, bronchi, and bronchioles, that allows air movement for respiration.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue at the top of the larynx; its function is to seal off the windpipe during eating, to prevent food from entering the airway.