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Life Photography works weddings and prom-type parties. The balance of retained earnings was $30,000 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 $30,000 at December 31, 2017 At December 31, 2018, the business's accounting records show these balances: E: (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. a. Prepare Life 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 $ 7,000 Accounts Receivable $ 10,000 Cash 33,000 16.000 13,000 ? Accounts Payable Advertising Expense 4.800 Notes Payable Retained Earnings, Dec 31, 2018 Salaries Expense Equipment Common Stock 28,000 Service Revenue 99,200 105,000 11,000 Dividends 29,000 Choose from any list or enter any number in the input fields and then click Check
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