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Life Photography works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31, 2017. At December 31, 2018, the business's accounting
Life Photography works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: (Click the icon to view the accounts.) Prepare the following financial statements for Life Photography for the year ended December 31, 2018: Income statement. b. Statement of retained earnings Balance sheet. C. a. Prepare Life Photography's income statorient. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) i Data Table S 13,000 $ 14,000 30,000 17,000 12,000 Insurance Expense Cash Accounts Payable Advertising Expense Service Revenue Dividends Accounts Receivable Notes Payable Relained Earnings, Dec 31, 2018 Salaries Expense Equipment Common Stock 4,500 90.000 23,000 61,500 12.000 27,000 Net Income Print Done b. Prepare Life Photography's statement of retained earnings Life Photography works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: B Click the icon to view the accounts.) Prepare the following financial statements for Life Photography for the year ended December 31, 2018: a. Income statement b. Statement of retained eamings Balance sheet. Net Income b. Prepare Life Photography's statement of retained earnings. Retained Earnings, December 31, 2017 Retained Earnings, December 31, 2018 c. Prepare Life 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 Choose from any list or enter any number in the input fields and then continue to the next question. Life Photography works weddings and prom-type parties. The balance of retained earnings was $20,000 at December 31, 2017. Al December 31, 2018, the business's accounting records show these balances: B Click the icon to view the accounts.) a. Prepare the following financial statements for Life Photography for the year ended December 31, 2018: Income statement b. Statement of retained earnings. Balance sheet. C Retained Eamings, December 31, 2018 c. Prepare Life 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 Stockholders' Equity
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