Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The account balances from the December 31, 2019, trial balance for Haman Accounting Services are shown below. HAMAN ACCOUNTING Trial Balance December 31, 2019 ACCOUNT
The account balances from the December 31, 2019, trial balance for Haman Accounting Services are shown below.
HAMAN ACCOUNTING | ||||
Trial Balance | ||||
December 31, 2019 | ||||
ACCOUNT NAME | DEBIT | CREDIT | ||
Cash | 6,800 | |||
Accounts Receivable | 2,800 | |||
Supplies | 1,800 | |||
Prepaid Rent | 20,000 | |||
Equipment | 19,000 | |||
Accounts Payable | 9,400 | |||
Erik Haman, Capital | 25,500 | |||
Erik Haman, Drawing | 3,800 | |||
Fees Income | 25,000 | |||
Salaries Expense | 3,800 | |||
Utilities Expense | 1,900 | |||
Totals | 59,900 | 59,900 | ||
- Prepare an income statement for the Haman Accounting Services for the month ended December 31, 2019.
- Prepare a statement of owners equity for Haman Accounting Services for the month ended December 31, 2019.
- Prepare a balance sheet for Haman Accounting Services as of December 31, 2019.
Complete this question by entering your answers in the tabs below.
- Income Statement
- Owners Equity
- Balance Sheet
Prepare a statement of owners equity for Haman Accounting Services for the month ended December 31, 2019. (Input all amounts as positive values.)
- Income Statement
- Owners Equity
- Balance Sheet
Prepare an income statement for the Haman Accounting Services for the month ended December 31, 2019. (Input all amounts as positive values.)
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started