QQuestionAnatomy and Physiology
QuestionAnatomy and Physiology
On December 31, Hawkin's records show the following accounts.
| Cash | \$ 6,100 |
| :-- | --: |
| Accounts Receivable | 1,100 |
| Supplies | 4,000 |
| Equipment | 15,000 |
| Accounts Payable | 6,500 |
| Common stock | 11,900 |
| Retained earnings, December 1 | 4,500 |
| Dividends | 2,000 |
| Services Revenue | 16,500 |
| Wages Expense | 8,000 |
| Rent Expense | 2,000 |
| Utilities Expense | 1,200 |
# QS 1 - 15 (Algo) Preparing an income statement LO P^2
Use the above information to prepare a December income statement for Hawkin.
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Answer
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Step 1I'll solve this step-by-step following the specified LaTeX formatting guidelines:
Step 2: Identify Revenue
The total Services Revenue is $$16,500
Final Answer
The December income statement shows total revenue of 16,500, total expenses of 11,200, resulting in a net income of 5,300.
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