Chrome File Edit View History Sbis- Google Search x Bookmarks Profiles Tab Window Help M Chapter 2 Quiz - Connect x QuickLaunchSSO :: Single Sig x M Question 15 - Chapter 2 Hom x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 2 Homework i 15 Saved Help Sav Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December. 10.06 Cash points Accounts receivable $ 11,000 5,000 A. Lopez, Capital A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue 19,500 Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eBook Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Ask Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Print References Required: Mc Graw Hill 1. Prepare a December income statement for the business. 2. Prepare a December statement of owner's equity. The A. Lopez, Capital account balance at December 1 was $0, and the owner invested $17,600 cash in the company on December 2. 3. Prepare a December 31 balance sheet. Hint: Use the A. Lopez, Capital account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December income statement for the business. METRIX 11641 Income Statement < Prev 15 of 15 Next > MAY 28 tv MacBook Pro ← C G Search or type URL ☆ T Aa b * >
Chrome File Edit View History Sbis- Google Search x Bookmarks Profiles Tab Window Help M Chapter 2 Quiz - Connect x QuickLaunchSSO :: Single Sig x M Question 15 - Chapter 2 Hom x + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 2 Homework i 15 Saved Help Sav Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix shows the following selected accounts and amounts for the month of December. 10.06 Cash points Accounts receivable $ 11,000 5,000 A. Lopez, Capital A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue 19,500 Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eBook Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Ask Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Print References Required: Mc Graw Hill 1. Prepare a December income statement for the business. 2. Prepare a December statement of owner's equity. The A. Lopez, Capital account balance at December 1 was $0, and the owner invested $17,600 cash in the company on December 2. 3. Prepare a December 31 balance sheet. Hint: Use the A. Lopez, Capital account balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a December income statement for the business. METRIX 11641 Income Statement < Prev 15 of 15 Next > MAY 28 tv MacBook Pro ← C G Search or type URL ☆ T Aa b * >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Chapter 2 Homework i
15
Saved
Help
Sav
Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix
shows the following selected accounts and amounts for the month of December.
10.06
Cash
points
Accounts receivable
$ 11,000
5,000
A. Lopez, Capital
A. Lopez, Withdrawals
$ 17,600
3,500
Notes receivable
4,000
Consulting revenue
19,500
Office supplies
3,000
Rental revenue
2,000
Prepaid insurance
2,500
Salaries expense
4,500
eBook
Equipment
11,500
Rent expense
3,500
Accounts payable
6,100
Advertising expense
700
Ask
Notes payable
3,900
Utilities expense
500
Unearned revenue
600
Print
References
Required:
Mc
Graw
Hill
1. Prepare a December income statement for the business.
2. Prepare a December statement of owner's equity. The A. Lopez, Capital account balance at December 1 was $0, and the owner
invested $17,600 cash in the company on December 2.
3. Prepare a December 31 balance sheet. Hint: Use the A. Lopez, Capital account balance calculated in part 2.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Prepare a December income statement for the business.
METRIX
11641
Income Statement
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28
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