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Question #4. Prepare an income statement for Fairmont Fencing Company for the month ended December 31, 20XX, based on the following account balances: Cash
Question #4. Prepare an income statement for Fairmont Fencing Company for the month ended December 31, 20XX, based on the following account balances: Cash Revenue Accounts Receivable Rent Expense Salaries Expense Advertising Expense Equipment $20,600 $17,495 $ 1,500 $ 5,000 $ 6,000 $ 3.000 $10,750 Prepare a statement of owner's equity for Wong's Hardware for the month ended December 31, 20X1, based on the following amounts. Net Income for December Cash Han Wong, Capital, December 1, 20X1 Accounts Payable Equipment Han Wong, Drawing $ 7,800 10,500 16,670 4,250 3,550 39,700 Prepare a balance sheet in report form for Laura's Landscaping Service as of December 31, 20X3, based on the following amounts. Hint: You will have to compute the balance in Laura Brown, Capital as of December 31, 20X3. Accounts Payable Accounts Receivable Cash.... Equipment Net Income for December Laura Brown, Capital, December 1, 2003 Supplies Laura Brown, Drawing $16,425 10,200 5,460 6.780 8.76C 8.950 3.79 7,900
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