Determine the amount of net income for november assuming

Question

Financial information related to the proprietorship of Plexiglass Interiors for October and November 2010 is as follows:

a. Prepare balance sheets for Plexiglass Interiors as of October 31 and as of November 30, 2010.

b. Determine the amount of net income for November, assuming that the owner made no additional investments or withdrawals during the month.

c. Determine the amount of net income for November, assuming that the owner made no additional investments but withdrew $37,500 during the month.