Homework Help is Here – Start Your Trial Now!
Business
Accounting
On December 31, Hawkin's records show the following accounts. Ceph Accounts Receivable Supplies Equipment Accounts Payable Hakin, Capital, December 1 Hakin, withdrawals Services Revenue Wages Expense Rent Expense 16,300 8,000 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin Capital December 1 Add Investments by owner Add Net income Less Withdrawals by owner Hawkin, Capital, December 31 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Balance Sheet December 31 Assets Cash Accounts receivable Supplies $ Equipment Consulting fees eamed Liabilities Accounts payable Miscellaneous expenses Equity Hawkin Capital Hawkin, Withdrawals Total Assets $ Total Liabilities and Equity Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. Hawkin, withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense Use the above information to prepare a December income statement for Hawkin. HAWKIN Income Statement For Month Ended December 31 Revenues Services revenue $ 16.300 Expenses Accounts payable $ 6.300 Wages expense 8.000 Rent expense Utilities expense Total expenses 1,800 1.000 Net loss 17.100 $ (800)

On December 31, Hawkin's records show the following accounts. Ceph Accounts Receivable Supplies Equipment Accounts Payable Hakin, Capital, December 1 Hakin, withdrawals Services Revenue Wages Expense Rent Expense 16,300 8,000 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin Capital December 1 Add Investments by owner Add Net income Less Withdrawals by owner Hawkin, Capital, December 31 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Balance Sheet December 31 Assets Cash Accounts receivable Supplies $ Equipment Consulting fees eamed Liabilities Accounts payable Miscellaneous expenses Equity Hawkin Capital Hawkin, Withdrawals Total Assets $ Total Liabilities and Equity Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. Hawkin, withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense Use the above information to prepare a December income statement for Hawkin. HAWKIN Income Statement For Month Ended December 31 Revenues Services revenue $ 16.300 Expenses Accounts payable $ 6.300 Wages expense 8.000 Rent expense Utilities expense Total expenses 1,800 1.000 Net loss 17.100 $ (800)

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 15P: Investments in Equity Securities Manson Incorporated reported investments in equity securities of...
See similar textbooks
icon
Related questions
Question
On December 31, Hawkin's records show the following accounts. Ceph Accounts Receivable Supplies Equipment Accounts Payable Hakin, Capital, December 1 Hakin, withdrawals Services Revenue Wages Expense Rent Expense 16,300 8,000 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin Capital December 1 Add Investments by owner Add Net income Less Withdrawals by owner Hawkin, Capital, December 31 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Balance Sheet December 31 Assets Cash Accounts receivable Supplies $ Equipment Consulting fees eamed Liabilities Accounts payable Miscellaneous expenses Equity Hawkin Capital Hawkin, Withdrawals Total Assets $ Total Liabilities and Equity Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. Hawkin, withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense Use the above information to prepare a December income statement for Hawkin. HAWKIN Income Statement For Month Ended December 31 Revenues Services revenue $ 16.300 Expenses Accounts payable $ 6.300 Wages expense 8.000 Rent expense Utilities expense Total expenses 1,800 1.000 Net loss 17.100 $ (800)
Transcribed Image Text:On December 31, Hawkin's records show the following accounts. Ceph Accounts Receivable Supplies Equipment Accounts Payable Hakin, Capital, December 1 Hakin, withdrawals Services Revenue Wages Expense Rent Expense 16,300 8,000 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Statement of Owner's Equity For Month Ended December 31 Hawkin Capital December 1 Add Investments by owner Add Net income Less Withdrawals by owner Hawkin, Capital, December 31 Use the above information to prepare a December balance sheet for Hawkin HAWKIN Balance Sheet December 31 Assets Cash Accounts receivable Supplies $ Equipment Consulting fees eamed Liabilities Accounts payable Miscellaneous expenses Equity Hawkin Capital Hawkin, Withdrawals Total Assets $ Total Liabilities and Equity Use the above information to prepare a statement of owner's equity for Hawkin for the month ended December 31. Hint: Owner investments are $0 for the period. Hawkin, withdrawals Services Revenue Wages Expense Rent Expense Utilities Expense Use the above information to prepare a December income statement for Hawkin. HAWKIN Income Statement For Month Ended December 31 Revenues Services revenue $ 16.300 Expenses Accounts payable $ 6.300 Wages expense 8.000 Rent expense Utilities expense Total expenses 1,800 1.000 Net loss 17.100 $ (800)
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS