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The following is the adjusted trial balance columns from the worksheet for Picture Perfect Photography. Picture Perfect Photography Adjusted Trial Balance December 31, 2018 Accounts

The following is the adjusted trial balance columns from the worksheet for Picture Perfect Photography.

Picture Perfect Photography

Adjusted Trial Balance

December 31, 2018

Accounts

Debit

Credit

Cash

$15,000

Accounts Receivable

30,000

Prepaid Insurance

7,500

Office Supplies

3,200

Land

40,000

Building

160,000

Accumulated DepreciationBuilding

$12,000

Equipment

75,000

Accumulated DepreciationEquipment

8,500

Accounts Payable

12,000

Salaries Payable

2,000

Unearned Revenue

25,000

Mortgage Payable

100,000

Ramirez, Capital

21,290

Ramirez, Withdrawals

23,000

Service Revenue

289,000

Salaries Expense

61,000

Depreciation Expense--Building and Equipment

6,150

Office Supplies Expense

14,040

Insurance Expense

14,000

Utilities Expense

20,900

________

Total

$469,790

$469,790

Using the information provided in the worksheet above, prepare an income statement for Picture Perfect Photography.

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