Balance Sheet Income Statement Cash Noncash Contributed Earned Transaction Asset + Assets = Liabilities + Capital...

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Balance Sheet Income Statement Cash Noncash Contributed Earned Transaction Asset + Assets = Liabilities + Capital + Capital Revenue Expenses = Net Income Beginning bal. 80,000 135,000 70,000 110,000 35,000 0 0 0 1 2 (12,500) 12,500 0 0 0 0 0 0 0 6,250 0 0 6,250 6,250 0 6,250 3 25,000 0 0 0 25,000 25,000 0 25,000 St 4 5 (20,000) 20,000 0 0 0 0 0 0 3,000 (3,000) 0 0 0 0 7 69 (8,500) 0 (8,500) 0 0 0 OO 0 0 0 0 (7,750) 0 0 0 (7,750) 8 00 (1,250) 0 0 0 (1,250) 00 7,750 (7,750) .0 0 Ending balance 58,000 170,750 61,500 110,000 57,250 31,250 7,750 23,500 (b) Prepare the income statement for this month and the balance sheet as of month-end. Do not use negative signs with any of your answers below. Hanlon Advertising Company Income Statement Sales revenue $ 0 Total expenses 0 Net income $ 0 Hanlon Advertising Company Retained Earnings Reconciliation Retained earnings. beginning of month $ 0 Net income 0 Dividends 0 Retained earnings. end of month $ 0 Cash Noncash assets Total assets Hanlon Advertising Company Balance Sheet Liabilities $ 0 Contributed capital 0 $ O Retained earnings 0 0 Total equity 0 $ 0 Total liabilities and equity $. 0 Balance Sheet Income Statement Cash Noncash Contributed Earned Transaction Asset + Assets = Liabilities + Capital + Capital Revenue Expenses = Net Income Beginning bal. 80,000 135,000 70,000 110,000 35,000 0 0 0 1 2 (12,500) 12,500 0 0 0 0 0 0 0 6,250 0 0 6,250 6,250 0 6,250 3 25,000 0 0 0 25,000 25,000 0 25,000 St 4 5 (20,000) 20,000 0 0 0 0 0 0 3,000 (3,000) 0 0 0 0 7 69 (8,500) 0 (8,500) 0 0 0 OO 0 0 0 0 (7,750) 0 0 0 (7,750) 8 00 (1,250) 0 0 0 (1,250) 00 7,750 (7,750) .0 0 Ending balance 58,000 170,750 61,500 110,000 57,250 31,250 7,750 23,500 (b) Prepare the income statement for this month and the balance sheet as of month-end. Do not use negative signs with any of your answers below. Hanlon Advertising Company Income Statement Sales revenue $ 0 Total expenses 0 Net income $ 0 Hanlon Advertising Company Retained Earnings Reconciliation Retained earnings. beginning of month $ 0 Net income 0 Dividends 0 Retained earnings. end of month $ 0 Cash Noncash assets Total assets Hanlon Advertising Company Balance Sheet Liabilities $ 0 Contributed capital 0 $ O Retained earnings 0 0 Total equity 0 $ 0 Total liabilities and equity $. 0