Angela Lopez owns and manages a consulting firm called Metrixi which began operationis on December 1. On December 31, Metrix shows the following selncted aceounts and ariounts for the month of December. 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 $18 , 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. Complete this question by entering your answers in the tabs below. Prepare a December income statement for the business.
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Angela Lopez owns and manages a consulting firm called Metrixi which b.docx
1. Angela Lopez owns and manages a consulting firm called Metrixi which began operationis on
December 1. On December 31, Metrix shows the following selncted aceounts and ariounts for
the month of December. 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 $18 , 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. Complete this question by entering your answers in the tabs below. Prepare a
December income statement for the business.
