237.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 began Garza Décor, Inc.with an initial investment of $50,000 cash. On November 30, her records showed the following (alphabetically arranged) items and amounts.
Accounts payable…………….
$12,000
Office furnishings………..
$40,000
Accounts receivable……….
19,000
Dividends…….
6,000
Cash………………………
21,200
Rent expense……………
9,600
Fees earned……………….
34,000
Salaries expense……….
4,200
Notes payable…………………
4,250
Telephone expense…….
250
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