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Tab Window Help e ome File Edit View History Djs - Google Search Bookmarks Profiles M Chapter 2 Quiz - Connect xiConnect - Home x M Question 15- Chapter 2 Hom x Content ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fbb.mwcc.edu%252Fwe... pter 2 Homework 15 Saved New C Help Save & Exit Subr Problem 2-7A (Algo) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 16 ts 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. eBook Cash Ask Accounts receivable. $ 11,000 A. Lopez, Capital 5,000 A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue. 19,500 Print Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eferences Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Required: c raw 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 11051 MAY A 28 -> с < Prev 15 of 15 Next tv♫ NOT MacBook Pro G Search or type URL Aa b Check my work

Tab Window Help e ome File Edit View History Djs - Google Search Bookmarks Profiles M Chapter 2 Quiz - Connect xiConnect - Home x M Question 15- Chapter 2 Hom x Content ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fbb.mwcc.edu%252Fwe... pter 2 Homework 15 Saved New C Help Save & Exit Subr Problem 2-7A (Algo) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 16 ts 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. eBook Cash Ask Accounts receivable. $ 11,000 A. Lopez, Capital 5,000 A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue. 19,500 Print Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eferences Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Required: c raw 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 11051 MAY A 28 -> с < Prev 15 of 15 Next tv♫ NOT MacBook Pro G Search or type URL Aa b Check my work

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Tab Window Help e ome File Edit View History Djs - Google Search Bookmarks Profiles M Chapter 2 Quiz - Connect xiConnect - Home x M Question 15- Chapter 2 Hom x Content ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fbb.mwcc.edu%252Fwe... pter 2 Homework 15 Saved New C Help Save & Exit Subr Problem 2-7A (Algo) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 16 ts 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. eBook Cash Ask Accounts receivable. $ 11,000 A. Lopez, Capital 5,000 A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue. 19,500 Print Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eferences Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Required: c raw 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 11051 MAY A 28 -> с < Prev 15 of 15 Next tv♫ NOT MacBook Pro G Search or type URL Aa b Check my work
Transcribed Image Text:Tab Window Help e ome File Edit View History Djs - Google Search Bookmarks Profiles M Chapter 2 Quiz - Connect xiConnect - Home x M Question 15- Chapter 2 Hom x Content ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fbb.mwcc.edu%252Fwe... pter 2 Homework 15 Saved New C Help Save & Exit Subr Problem 2-7A (Algo) Preparing an income statement, statement of owner's equity, and balance sheet. LO P1 16 ts 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. eBook Cash Ask Accounts receivable. $ 11,000 A. Lopez, Capital 5,000 A. Lopez, Withdrawals $ 17,600 3,500 Notes receivable 4,000 Consulting revenue. 19,500 Print Office supplies 3,000 Rental revenue 2,000 Prepaid insurance 2,500 Salaries expense 4,500 eferences Equipment 11,500 Rent expense 3,500 Accounts payable 6,100 Advertising expense 700 Notes payable 3,900 Utilities expense 500 Unearned revenue 600 Required: c raw 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 11051 MAY A 28 -> с < Prev 15 of 15 Next tv♫ NOT MacBook Pro G Search or type URL Aa b Check my work
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