In-Class Problems 1A & 1B - blank 2 .xlsx - Amo...

Amo Corporation started its business in November of 2019 and has following account balances:
Equipment 38,000
Accounts payable 5,300
Cash 14,900
Notes payable 23,000
Common stock 62,300
Furniture 23,500
Accounts receivable 14,200
Amo Corporation
Balance Sheet
November 30, 2021
Assets
Total Assets
Liabilities
Total Liabilities
Owners' Equity
Total Liabilities and Owners' Equity
Prepare: Balance Sheet as of November 30, 2019.

During December 20121, Amo Corporation incurred following revenues and expenses
Utilities expense 2,000
Cost of Goods Sold 23,000
Service Revenue 97,000
Repair expense 4,800
Rent expense 300
Insurance expense 10,200
Salaries expense 37,000
Amo Corporation
Income Statement
For the year ended December 31, 2019
Expenses
Gross Profit
Other Expenses
Net Income