Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The account balances from the December 31, 20X1, trial balance for Haman Accounting Services are shown below. HAMAN ACCOUNTING Trial Balance December 31, 20x1 Account

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The account balances from the December 31, 20X1, trial balance for Haman Accounting Services are shown below. HAMAN ACCOUNTING Trial Balance December 31, 20x1 Account Name Debit Credit Cash 7,600 Accounts receivable 3,600 Supplies 2,600 Prepaid rent 17,000 Equipment 16,000 Accounts payable 9,200 Erik Haman, Capital 25,000 Erik Haman, Drawing 4,600 Fees income 24,500 Salaries expense 4,600 Utilities expense 2,700 Totale 58,700 58,700 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 1. Prepare an income statement for the Haman Accounting Services for the month ended December 31, 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 0 Total expenses $ 0 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 a statement of owner's equity for Haman Accounting Services for the month ended December 31, 20X1. (Input all amounts as positive values.) HAMAN ACCOUNTING SERVICES Statement of Owner's Equity Month Ended December 31, 20X1 $ 0 Balance Sheet >

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

Authors: Bernard J. Bieg, Judith A. Toland

2013 edition

113396253X, 978-1133962533

More Books

Students also viewed these Accounting questions

Question

Use Definition 8 to prove that lim x 1/x = 0.

Answered: 1 week ago