Use the information in QS 1-15 to prepare a statement of owner’s equity for Hawkin for the month ended December 31. Net income is $5,800 and owner investments are $0 for the period. 

Data From Quicky Study 1-15

On December 31, Hawkin’s records show the following accounts. Use this information to prepare a December income statement for Hawkin.

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Cash..... $ 5,100 Accounts payable..... $ 6,000 Wages expense $8,000 .... .. Accounts receivable.... 600 Hawkin, Capital, December 1 10,900 Rent expense.. 1,500 Supplies . 2,000 Hawkin, Withdrawals. 1,000 Utilities expense 700 Equipment . 14,000 Services revenue 16,000