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ber 31, 2020, and the revenues and expenses of the company for the year ended on listed in alphabetical order. (Click the icon to view
ber 31, 2020, and the revenues and expenses of the company for the year ended on listed in alphabetical order. (Click the icon to view the account totals.) Required Requirement 1. Prepare the income statement of Hercules Home Care for the year ended December 31, 2020. Begin by filling in the header for the income statement. Then choose the accounts, and enter the corresponding amounts. Revenue: Total revenues Expenses: Choose from any list or enter any number in the input fields and then continue to the next question. (Click the icon to view the account totals.) Required Requirement 2. Prepare the statement of owner's equity of the business for the year ended December 31, 2020. Fill in the heading for the statement of owner's equity, and then complete the body of the statement by choosing the correct labels and entering the correct amounts Add: Less: Requirement 3. Prepare the balance sheet of the business at December 31, 2020. Fill in the heading for the balance sheet. Then complete the body of the statement starting with the assets and finishing with the liabilities and owner's equity sections. Choose from any list or enter any number in the input fields and then continue to the next question. Neyuned Owner's Equity Total assets Total liabilities and owner's equity Requirement 4. Was the result of operations for the year a profit or a loss? How much was it? a. Result of operations: b. Did the business's owner's equity increase or decrease during the year? How would this affect the business's ability to borrow monet from a bank in the future? Owner's equity during the year. This would make it to borrow money from a bank in the future. c. How much in total economic resources does the company have at December 31, 2020, as it moves into the new year? How much does the company owe? What is the dollar ar business at December 31, 2020? Total economic resources Total amount owed Owner's Equity Choose from any list or enter any number in the input fields and then continue to the next question. the icon to view the account totals.) Required Requirement 3. Prepare the balance sheet of the business at December 31, 2020. Fill in the heading for the balance sheet. Then complete the body of the statement starting with the assets and finishing with the liabilities and owner's equity secti Assets Liabilities Total liabilities Owner's Equity Total assets Total liabilities and owner's equity Choose from any list or enter any number in the input fields and then continue to the next question. Care as of December 31, 2020, and the revenues and expenses of the company for the year ended on 0 Account totals $ $ 140,000 Accounts Payable Accounts Receivable 340,000 Total Building 10,000 ar ap Cash 30,000 52,000 Land 54,000 Note Payable 291,400 Property Tax Expense 33,000 Repairs Expense 290,000 Salaries Expense 34,000 Service Revenue 23,800 Supplies 4,200 Utilities Expense Y. Yamada, Withdrawals 420,000 710,000 ase du Equipment Furniture Interest Expense Interest Payable uture? ald mak 24,000 43,000 mpany $73,000 ? What i The beginning amount of owner's equity was $360,000. During the year, the owner made no investments. Print Done input fields and then continue to the next
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