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2 Angela Lopez owns and manages a consulting firm called Metrik, which began operations on December 1, On December 31 Metrix shows the following selected

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2 Angela Lopez owns and manages a consulting firm called Metrik, which began operations on December 1, On December 31 Metrix shows the following selected accounts and amounts for the month of December 15 DO Cash Accounts receivable Totes receivable Office Supplies Prepaid insurance Equipment Accounts payable hutes payable Une andre Soped $ 8,000 A. Lopez, Capital 2,500 A. Lopez, Withdrawals 2,500 Consulting revenue 1.500 Rental revenue 1.000 Salaries expense Rent expense 1.300 Advertising expense 2,400 unities expense 300 $ 11,600 2,000 12,000 500 3,000 2.000 200 Do Required: 1. Prepare a December income statement for the business 2. Prepare a December statement of owner's equity The A Lopez Capital account balance at December 1 was so and the owner invested 511,600 cash in the company on December 2 3. Prepare a December 31 balance sheet Hint Use the A Lopez Capitol account balance calculated in part 2 natthinnatarinanswers in the tabs below. Prepare a December statement of owner's equity. The A. Lopez, Capital account balance at December 1 was $0, and the owner invested $11,600 cash in the company on December 2. METRIX Statement of Owner's Equity A Lopez, Capital, December 1 0 Add: Investment by owner Add: Net income Add: Withdrawals by owner 0

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