Insurance Expense	$12,000		Accounts Receivable	$10,000
Cash	37,000		Notes Payable	15,000
Accounts Payable	13,000		Willis, Capital, Dec. 31, 2018	?
Advertising Expense	2,000		Salaries Expense	21,000
Service Revenue	125,000		Equipment	105,000
Willis, Withdrawals	9,000		Owner contribution	25,000

PrintDone

Accent PhotographyAccent Photography

works weddings and prom-type parties. The balance of

WillisWillis,

Capital was

$ 18 comma 000$18,000

at

DecemberDecember

3131,

20172017.

At

DecemberDecember

3131,

20182018,

the business's accounting records show these balances:

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(Click the icon to view the accounts.)

Prepare the following financial statements for

Accent PhotographyAccent Photography

for the year ended

DecemberDecember

3131,

20182018:

a.	Income statement.
b.	Statement of owner's equity.
c.	Balance sheet.

a. Prepare

Accent Photography'sAccent 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.)

Net Income

b. Prepare

Accent Photography'sAccent Photography's

statement of owner's equity.

Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal.

Willis, Capital, January 1, 2018
Willis, Capital, December 31, 2018

c. Prepare

Accent Photography'sAccent Photography's

balance sheet. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.)

	Assets		Liabilities
			Owner's Equity

Choose from any list or enter any number in the input fields and then continue to the next question.