Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the trial balance shown below to prepare nancial statements. Haman Consulting Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash 6,300 Accounts Receivable

image text in transcribed
Use the trial balance shown below to prepare nancial statements. Haman Consulting Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash 6,300 Accounts Receivable 2,300 Supplies 1,300 Prepaid Rent 15,000 Equipment 14,000 Accounts Payable 8,400 Erik Haman, Capital 12/1/19 \"\"500 Erik Haman, Drawing 3,300 Fees Income 19,000 Salaries Expense 3,300 Utilities Expense 1,400 Totals 46,900 46,900 Prepare an income statement, statement of owner's equity and balance sheet for Haman Consulting. Complete this question by entering your answers in the tabs below. Income Statement Owners Equ'tY Balance Sheet Prepare an income statement for the Haman Consulting for the month ended December 31, 2019. (Input all amounts as positive values.) Revenue Total expenses

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

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions