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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
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, 300 Accounts receivable 3, 200 Supplies 1,200 Prepaid rent 12,000 Equipment 15,500 Accounts payable 9,450 Erik Haman, Capital 20,000 Erik Haman, Drawing 4, 200 Fees income 21,000 Salaries expense 6, 200 Utilities expense 850 Totals 50, 450 50, 450 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. Income Statement Owners Equity Balance Sheet Prepare an income statement for the Haman Accounting Services for the amounts as positive values.) HAMAN ACCOUNTING SERVICES Income Statement Month Ended December 31, 20X1 Revenue Expenses Total expenses 7,050 $ (7,050) Income Statement Owners Equity Balance Sheet Prepare a statement of owner's equity for Haman Accounting Services amounts as positive values.) HAMAN ACCOUNTING SERVICES Statement of Owner's Equity Month Ended December 31, 20X1 $ 0 Income Statement Owners Equity Balance Sheet Prepare a balance sheet for Haman Accounting Services as of December 31, 20X1. (Be sure to list the ac their liquidity.) HAMAN ACCOUNTING SERVICES Balance Sheet December 31, 20X1 Liabilities Assets Owner's Equity Total Assets 0 Total Liabilities & Owner's Equity $ 0
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