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Ashlyn decides to create a new sole proprietorship, Happy Camper Company, or HCC for short. Happy Camper Company is a service-based company that rents canoes
Ashlyn decides to create a new sole proprietorship, Happy Camper Company, or HCC for short. Happy Camper Company is a service-based company that rents canoes for use on local lakes and rivers. The business began operations on November 1, 2018 and completed the following transactions in that first month. (Click the icon to view the November transactions.) (Click the icon to view the transaction analysis chart from November.) In addition, Happy Camper Company completed the following transactions for December. (Click the icon to view the December transactions.) Read the requirements. 10tal Requirement 4. Prepare the income statement of Happy Camper Company for the two months ended December 31, 2018. (If a box is not used in the statement leave the box empty; do not select : label or enter a zero.) (Click to view the trial balance you prepared in Requirement 3.) Happy Camper Company Trial Balance December 31,2018 Balance Account Title Debit Credit Cash $18,810 Accounts Receivable 6,300 Office Supplies 1,200 Prepaid Rent 2,100 Land 75,000 Building 327,000 Canoes 11,420 Accounts Payable Utilities Payable $3,100 Telephone Payable Unearned Revenue Notes Payable Winni, Capital 424,000 Winni, Withdrawals 1,400 Accounts Receivable Office Supplies Prepaid Rent Land 6,300 Building 1,200 Canoes 2,100 Canoes 11,420 Accounts Payable Utilities Payable $3,100 Telephone Payable Unearned Revenue Notes Payable Winni, Capital Winni, Withdrawals 1,400 Canoe Rental Revenue 13,900 Rent Expense 700 Wages Expense 4,000 Utilities Expense 350 Telephone Expense Total \begin{tabular}{cc} \hline$10 \\ $448,690 & \\ $\hline \end{tabular}
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