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COULD YOU SOLVE PART A AND B ? The following adjusted TRIAL Balance is given for ACAR Photography ACAR Photography Adjusted TRIAL BALANCE Dec 31,

image text in transcribed COULD YOU SOLVE PART A AND B ?

The following adjusted TRIAL Balance is given for ACAR Photography ACAR Photography Adjusted TRIAL BALANCE Dec 31, 2018 Accounts Debit Credit Cash 30.000 Accounts receivable 60.000 Supplies 15.000 Notes Receivable 8.400 Land 80.000 Building 320.000 Accumulated Depreciation - Building 42.000 EC ment 150.000 Accumulated Depreciation Equipment 17.000 24.000 4.000 50.000 Accounts Payable Salaries Payable Unearned Service Revenue Notes Payable Capital, ACAR Withdrawals 200.000 24.580 46.000 Service Revenue 578.000 122.000 Salaries Expense Depreciation Expense 12.300 Supplies Expense 28.080 28.000 Rent Expense Utilities Expense 41.800 total 939.580 939 580 Requirement: prepare the following Financial Statements: a. Income Statement for the period (50 points) b. Balance Sheet at Dec 31, 2018 (50 points)

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