Pumpkin and Spice Company had the following transactions for…

Pumpkin and Spice Company had the following transactions for the month of November: Provided $8,000 of services to customers.  All customers paid in cash at the time the services were provided. Utility expenses for the month were $2,000.  The utility bill will be paid in December when it is due. Purchased supplies of $4,000 during the month.  At the end of the month $3,000 of the supplies remain on-hand. What was Net Income for Pumpkin and Spice for the month of November?

Bucky Badger Company had the following transactions for the…

Bucky Badger Company had the following transactions for the month of September.  Analyze the impact on the accounting equation. Paid cash on an outstanding liability with a vendor.  As a result of this transaction assets will , liabilities will and stockholders’ equity will . Paid 15,000 cash for an insurance policy that will become effective next year. As a result of this transaction assets will , liabilities will and stockholders’ equity will . Performed services for a customer.  An invoice was sent, and the customer will pay in October. As a result of this transaction assets will , liabilities will and stockholders’ equity will .