The account balances from the December 31, 2019, trial balance for Haman Accounting Services are shown...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Erik Haman, Capital Erik Haman, Drawing Fees Income Salaries Expense Utilities Expense Totals DEBIT CREDIT 7,100 3,100 2,100 12,000 11,000 4,100 Income Statement 8,200 19,000 18,500 4,100 2,200 45,700 45,700 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. Complete this question by entering your answers in the tabs below Owners Equity Balance Sheet Prepare an income statement for the Haman Accounting Services for the mi amounts as positive values.) 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 Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Erik Haman, Capital Erik Haman, Drawing Fees Income Salaries Expense Utilities Expense Totals DEBIT CREDIT 7,100 3,100 2,100 12,000 11,000 4,100 Income Statement 8,200 19,000 18,500 4,100 2,200 45,700 45,700 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. Complete this question by entering your answers in the tabs below Owners Equity Balance Sheet Prepare an income statement for the Haman Accounting Services for the mi amounts as positive values.)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
On November 1, 2022, the following were the account balances of Sunland Equipment Repair. Debit Credit Cash $ 3,420 Accumulated Depreciation-Equipment $ 500 Accounts Receivable 3,100 Accounts Payable...
-
The account balances from the ledger of Sienna, Inc., as of July 31, 2012, are listed here in alphabetical order. The balance for Retained Earnings has been omitted. Prepare a trial balance, and...
-
The account balances from the ledger of Arigato, Inc., as of July 31, 2009, are listed here in alphabetical order. The balance for Retained Earnings has been omitted. Prepare a trial balance, and...
-
From the information below, 1. List of the working capital accounts. 2. Calculate the net working capital. Buildings $100,000 Cash ... 5,000 Trade receivables ... 25,000 Trade and other payables .....
-
Five cards are selected at random from a pack of cards without replacement. What is the probability that exactly three of them are picture cards (Kings. Queens, or Jacks)? If a hand of 13 cards is...
-
Show that if d(n) is O( f (n)), then ad(n) is O( f (n)), for any constant a > 0.
-
Consider the following cash flow profile and assume MARR is 10 percent/year and the finance rate is 4 percent/ year. a. Determine the MIRR for this project. b. Is this project economically...
-
Marston Corporation manufactures disposable thermometers that are sold to hospitals through a network of independent sales agents located in the United States and Canada. These sales agents sell a...
-
choose the closest answer find the annual total cost of inventory. if the company using their present lot size do not use the EOQ be sure to use the present lot size . unit cost$5, ordering cost...
-
On September 1, 201X, Dan Potter opened an auto repair shop. Here is his chart of accounts: Assets Liabilities Equity 101 Cash 201 Accounts Payable 301 Dan Potter, Capital 102 Accounts Receivable 302...
-
As a strategy analyst at the University of Lincoln, or any other University or higher education institution that you are familiar with, you have been called to a meeting with the senior management....
-
A manufacturing company is considering the purchase of a new CNC lathe, which will cost $60,000 and has an annual maintenance cost of $8,000. A few parts in the lathe need to be replaced once every 5...
-
Write the output of the following program. 1 glass vehicle: 2 3 1234567 4 7 8 9 def _init__(self): self. speed = 48 def inc_speed(self): self.speed == self.speed+1 10 bus = vehicle() 11 car =...
-
What are the control options available in pressure control device? How it can be controlled discuss. How and why?
-
Problem I (20) points) Recording/Journa Date Jan. 1 5 8 9 10 15 16 20 Davis Consulting, a newly formed corporation, had the following transactions for the month of January 2017: Description Davis...
-
Show the expected output of the following program: package ch09.apps; import ch09. priorityQueues.*; public class UseHeap public static void main(String[] args) [ PriQueueInterface h new HeapPriQ...
-
How does critically analyzing diversity add value to how you interact with people and understand social or global issues/events?
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
In its financial reports, Cracker Barrel states that their stores represent a single, integrated operation with two related substantially integrated product lines. The operating expenses of the...
-
Peel Company owns 90% of the common stock of Seacore Company. Seacore Company sells merchandise to Peel Company at 20% above cost. During 2019 and 2020, such sales amounted to $436,000 and $532,000,...
-
On January 1, 2019, Pat Company purchased 90% of the outstanding common stock of Solo Company for $236,000 cash. The balance sheet for Pat Company just before the acquisition of Solo Company stock,...
-
If the real interest rate were approximately constant, then in periods in which inflation is high, the nominal interest rate should be relatively high (because the nominal interest rate equals the...
-
Plot the growth rate of real GDP from 1960 to last year in three different ways: (1) annualized quarterly growth rates, (2) quarterly data using the percent change from a year ago, and (3) quarterly...
-
What is the knowledge, skills and personal abilities an OD consultant needs to possess?
Study smarter with the SolutionInn App