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Accent Photography works weddings and prom-type parties. The balance of retained earnings was $28,000 at December 31, 2017. At December 31, 2018, the business's accounting
Accent Photography works weddings and prom-type parties. The balance of retained earnings was $28,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: Prepare the following financial statements for Accent Photography for the year ended December 31, 2018: Income statement. a. E (Click the icon to view the accounts.) Statement of retained earnings. b. Balance sheet. c. a. Prepare Accent Photography's income statement. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Data Table Insurance Expense 10,000 Accounts Receivable 12,000 Notes Payable Cash 40.000 17,000 Accounts Payable 5,000 Retained Earnings, Dec. 31, 2018 Salaries Expense 1,500 21,000 Advertising Expense Service Revenue 80,000 Equipment 64,500 Dividends 12,000 Common Stock 31,000 Net Income Print Done b. Prepare Accent Photography's statement of retained earnings. Retained Earnings, December 31, 2017 Retained Earnings, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next
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