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Angela Lopez ewns and manages a consulting firm called Metrix, whichh began operations on Decernber 1 . On Deceriber 3 1 . shows the following
Angela Lopez ewns and manages a consulting firm called Metrix, whichh began operations on Decernber On Deceriber shows the following selected accounts and amounts for the month of December.
tableCash$Comen stock,Rccounts receivable,Dividends,Whes receivable,Consulting revenue,ortice supplies,Rental revenue,Prepaid insurance,Salaries expense,EquipmentRent expense,Acceunts payable,Advertising expense,Wotes payable,Utilities expense,Unearned revenue,
Required:
Prepare a December income statement for the business.
Prepare a December statement of retained earnings. The Retained Earnings account balance at December i was
Prepare a December balance sheet. Hint: Use the Retained Earnings account balance calculated in part
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