Problem: The account balances from the December 31, 2019, trial balance for Haman Accounting Services are shown below.
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HAMAN ACCOUNTING Trial Balance December 31, 2019
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|
ACCOUNT NAME
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DEBIT
|
CREDIT
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|
Cash
|
7,900
|
|
|
Accounts Receivable
|
3,900
|
|
|
Supplies
|
2,900
|
|
|
Prepaid Rent
|
20,000
|
|
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Equipment
|
19,000
|
|
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Accounts Payable
|
|
9,000
|
|
Erik Haman, Capital
|
|
29,000
|
|
Erik Haman, Drawing
|
4,900
|
|
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Fees Income
|
|
28,500
|
|
Salaries Expense
|
4,900
|
|
|
Utilities Expense
|
3,000
|
|
|
Totals
|
66,500
|
66,500
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Problem 1: Prepare an income statement for the Haman Accounting Services for the month ended December 31, 2019.
Problem 2: Prepare a statement of owner's equity for Haman Accounting Services for the month ended December 31, 2019.
Problem 3: Prepare a balance sheet for Haman Accounting Services as of December 31, 2019.
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