nook 4,200 Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1, On Decem

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Nook 4 200 Angela Lopez Owns And Manages A Consulting Firm Called Metrix Which Began Operations On December 1 On Decem 1 (21.89 KiB) Viewed 48 times

nook 4,200 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 Canh $ 10,400A. Lopez, Capital $ 16,400 Accounts receivable 4,700 A. Lopez, withdrawala 3,200 Notes receivable 3,700 Consulting avenue 18,000 ottice supplies 2,700 Rental revenue 1.700 Prepaid insurance 2,200 Salaries expense Equipment 10,000 Rent expense 3,200 Accounts payable 5.140 Advertising expense 540 Notes payable 3.600 utilities expense 440 Unearned revenue 540 Required: 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 $16,400 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 P rences