The Accounts and Balances for Paw Prints Pet Sitters on November

question 69

Essay

The accounts and balances for Paw Prints Pet Sitters on November 1 are provided below. $$\begin{array} { l r l } \text { Cash } & 19,450 & \text { Fees Income } &-0-\\\text { Accounts Receivable } & 890 & \text { Rent Expense } &-0-\\\text { Office Equipment } & 2,300 & \text { Utilities Expense }&-0- \\\text { Supplies } & 250 & \text { Salaries Expense }&-0- \\\text { Accounts Payable } & 1,400 & \\\text { Kelly Connor, Capital } & 21,490 & \\\text { Kelly Connor, Drawing } & - 0 - &\end{array}$$ The following transactions occurred during the month of November.
a. Collected $350 from credit customers
b. Issued a check for $700 for rent
c. Paid $1,900 for salaries
d. The owner withdrew $500 in cash for personal expenses
e. Issued a check for $200 to pay the monthly utility bill
f. Received $2,845 in cash for services performed
g. Purchased office equipment for $1,350 on credit
-Using the information shown, prepare a trial balance for Paw Prints Pet Sitters at November 30, 2013.

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Definitions:

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Labor Market

A space, physical or virtual, where workers and employers interact, often resulting in employment and the determination of wages.

Pay Increases

An upward adjustment in an employee's salary or wages, often given based on performance, promotion, or to keep pace with inflation.

Davis-Bacon Act

A federal law in the United States that mandates the payment of local prevailing wages for laborers and mechanics on public works projects.