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Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial
Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December Assets Liabilities $14.000 $12.000 Totes Payable Unearnos Revenue $10,000 $8,000 $6,000 $4,000 Accounts Payable $2,000 Equity SO Common Stock $9.200 Cash Equipment Accounts Receivable Notes Prepaid Receivable Insurance Supplies Dividends $4,000 Expenses Advertising Expense Rent Expense Utilities Expense Revenues Consulting Revenue Rental Revenue + obleau 1. Prepare an income statement for the month ended December 31 2. Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0.Hint Use the net income calculated in part 1 3. Prepare a balance sheet as of December 31. Hint Use the ending retained earnings balance calculated in part 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the month ended December 31. bol ACCEL Income Statement Dominicad Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0.Hint: Use the net income calculated in part 1 ACCEL Statement of Retained Earnings Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a balance sheet as of December 31. Hint: Use the ending retained earnings balance calculated in part 2 ACCEL Balance Sheet
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