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Unique Photography works weddings and prom-type parties. The balance of retained earnings was $12,000 at December 31, 2017. At December 31, 2018, the business's accounting
Unique Photography works weddings and prom-type parties. The balance of retained earnings was $12,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: E (Click the icon to view the accounts.) Prepare the following financial statements for Unique Photography for the year ended December 31, 2018: Income statement. a. b. Statement of retained earnings. Balance sheet. c. a. Prepare Unique 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 10,000 Accounts Receivable 7,000 Notes Payable 18,000 Cash 38,000 Accounts Payable 12,000 Retained Earnings, Dec. 31, 2018 Salaries Expense Advertising Expense 2,000 29,000 Net Income Service Revenue 70,000 Equipment 38.000 b. Prepare Unique Photography's statement of retained earnings. Dividends 25,000 13,000 Common Stock Print Done Retained Earnings, December 31, 2017 Retained Earnings, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next
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