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Home / Questions / Prepare an income statement for the Haman Accounting Services for the month ended December 31,.

Prepare an income statement for the Haman Accounting Services for the month ended December 31,.

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 7,500      
Accounts Receivable 3,500      
Supplies 2,500      
Prepaid Rent 16,000      
Equipment 15,000      
Accounts Payable     9,600  
Erik Haman, Capital     23,500  
Erik Haman, Drawing 4,500      
Fees Income     23,000  
Salaries Expense 4,500      
Utilities Expense 2,600      
Totals 56,100   56,100  

 

  1. Prepare an income statement for the Haman Accounting Services for the month ended December 31, 2019.
  2. Prepare a statement of owner’s equity for Haman Accounting Services for the month ended December 31, 2019.
  3. Prepare a balance sheet for Haman Accounting Services as of December 31, 2019.

Apr 11 2020 View more View Less

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