Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts fr 2. Indicate the amount of each
1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts fr 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whe decreases the normal balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from th Dashboard. Accounts a. Supplies b. Salaries expense Accounts payable d. Rental revenue Amounts Debit/Credit $ 4,000 Debit 6,000 Debit 4,800 Credit 7,000 Credit c. 1. Indicate the amount along with the normal balance (debit or credit) for each of the following accou 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then stat decreases the normal balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whet decreases the normal balance. Accounts a. Notes payable b. Rent expense C. Consulting revenue d. Cash Amounts Debit/Credit 2,800 Debit $ 4,000 Credit $ 34,000 Debit 9,000 Credit . # tableau OTO 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of owner's equity for the month ended December 31. The owner's capital account balance at December 1 was $0, and the only owner investment, of $9,200 cash, occurred on December 2. Hint: Use the net income calculated in part 1. 3. Prepare a balance sheet as of December 31. Hint Use the ending owner's capital account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December. Assets Liabilities $12,000 $10,000 Notes Payable Unearned Revenue $8,000 $6,000 $4,000 Accounts Payable $2,000 Other Info $0 Cash Equipment Supplies M. Gomez, Withdrawals $4,000 Accounts Receivable Notes Prepaid Receivable Insurance Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue +ableau K 8 1 0 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of owner's equity for the month ended December 31. The owner's capital account balance at December 1 was $0, and the only owner investment, of $9,200 cash, occurred on December 2. Hint. Use the net income calculated in part 1. 3. Prepare a balance sheet as of December 31. Hint. Use the ending owner's capital account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the month ended December 31. ACCEL Income Statement 0 Required 1 Required 2 Required 3 Prepare a statement of owner's equity for the month ended December 31. The owner's capital account balance at December 1 was $0, and the only owner investment, of $9,200 cash, occurred on December 2. Hint: Use the net income calculated in part 1. ACCEL Statement of Owner's Equity 0 $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a balance sheet as of December 31. Hint: Use the ending owner's capital account balance calculated in part 2. ACCEL Balance Sheet 0 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a balance sheet as of December 31. Hint: Use the ending owner's capital account balance calculated in part 2. ACCEL Balance Sheet 0 0 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started