Solution-Prepare income statement for the Haman Accounting

Prepare income statement for the Haman Accounting Services

Reference no: EM132438983

Question - 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	7,900
Accounts Receivable	3,900
Supplies	2,900
Prepaid Rent	20,000
Equipment	19,000
Accounts Payable		9,000
Erik Haman, Capital		29,000
Erik Haman, Drawing	4,900
Fees Income		28,500
Salaries Expense	4,900
Utilities Expense	3,000
Totals	66,500	66,500

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.

Reference no: EM132438983

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Prepare income statement for the Haman Accounting Services

Reference no: EM132438983

Reference no: EM132438983

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