Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HAMAN ACCOUNTING Trial Balance December 31, 20x1 Account Name Debit Credit Cash 6,600 Accounts receivable 2,600 Supplies 1,600 Prepaid rent 18,000 Equipment 17,000 Accounts payable

image text in transcribedimage text in transcribedimage text in transcribed

HAMAN ACCOUNTING Trial Balance December 31, 20x1 Account Name Debit Credit Cash 6,600 Accounts receivable 2,600 Supplies 1,600 Prepaid rent 18,000 Equipment 17,000 Accounts payable 8,200 Erik Haman, Capital 23,500 Erik Haman, Drawing 3,600 Fees income 23,000 Salaries expense 3,600 Utilities expense 1,700 Totals 54,700 54,700 1. Prepare an income statement for the Haman Accounting Services for the month ended December 31, 20X1. 2. Prepare a statement of owner's equity for Haman Accounting Services for the month ended December 31, 20X1. 3. Prepare a balance sheet for Haman Accounting Services as of December 31, 20X1. Complete this question by entering your answers in the tabs below. Income Statement Owners Equity Balance Sheet Prepare an income statement for the Haman Accounting Services for the month ended December 31, 20X1. (Input all amounts as positive values.) HAMAN ACCOUNTING SERVICES Income Statement Month Ended December 31, 20X1 Revenue Expenses Total expenses Prepare a statement of owner's equity for Haman Accounting Services for amounts as positive values.) HAMAN ACCOUNTING SERVICES Statement of Owner's Equity Month Ended December 31, 20X1 liquidity: 2 HAMAN ACCOUNTING SERVICES Balance Sheet December 31, 20X1 Assets Liabilities Owner's Equity Total Assets Total Liabilities & Owner's Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2022

Authors: Bernard J. Bieg, Judith A. Toland

32nd Edition

0357518756, 9780357518755

More Books

Students also viewed these Accounting questions

Question

=+e) What probably happened to earnings after the initial 17 days?

Answered: 1 week ago

Question

Appreciate the importance of developing potential managers

Answered: 1 week ago

Question

Know how to approach on-the-job training

Answered: 1 week ago