says the answers are incomplete for all 3 sheets..
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 Notes Payable Unearned Revenue $10,000 $8,000 -- $6,000 -- $4,000 Accounts Payable $2,000 Equity $0 Common Stock Accounts Receivable Cash Equipment $9,200 Notes Prepaid Receivable Insurance Supplies Dividends $4,000 Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue ** tableau 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. ACCEL Income Statement For Month Ended December 31 Revenues: Consulting revenue $ 34,000 Rental revenue 7,000 $ 41,000 $ Total Revenues Expenses: Advertising expense Rent expense Salaries expense Utilities expense Accounts receivable 2,800 4,000 6,000 2,400 Total Expenses Net income 15,200 25,800 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 For Month Ended December 31 Retained earnings, December 1 $ Add: Net income 25,800 5 25,800 (4,000) Less: Dividends $ 21,800 Retained earnings, December 31 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 $ Assets: Cash Supplies (Accounts receivable Note receivable Prepaid insurance Equipment ACCEL Balance Sheet As of December 31 Liabilities: 12,000 Accounts payable 3,000 Notes payable 10,000 Uneamed revenue 5,000 2,000 Total Liabilities 10,200 Equity: Common stock (Retained earnings 4,800 2,800 3,600 11,200 $ 9,200 21,800 31,000 42,200 Total Assets $ 42,200 Total Liabilities and Equity $ 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 $ Assets: Cash Supplies (Accounts receivable Note receivable Prepaid insurance Equipment ACCEL Balance Sheet As of December 31 Liabilities: 12,000 Accounts payable 3,000 Notes payable 10,000 Uneamed revenue 5,000 2,000 Total Liabilities 10,200 Equity: Common stock (Retained earnings 4,800 2,800 3,600 11,200 $ 9,200 21,800 31,000 42,200 Total Assets $ 42,200 Total Liabilities and Equity $
