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Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1 . On December 31 , Metrix shows the following
Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1 . On December 31 , Metrix shows the following selected accounts and amounts for the month of December. Required: 1. Prepare a December income statement for the business. 2. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. 3. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Prepare a December income statement for the business. Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0. Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2
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