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Using the following information, prepare a Balance Sheet and an Income Statement. Tuttle Photo Co. Balance Sheet As of December 31, 2018 Assets: Cash: $15,000
Using the following information, prepare a Balance Sheet and an Income Statement. Tuttle Photo Co. Balance Sheet As of December 31, 2018 Assets: Cash: $15,000 Accounts Receivable: $30,000 Prepaid Insurance: $7,500 Office Supplies: $3,200 Building: $160,000 Accumulated DepreciationBuilding: $12,000 Equipment: $75,000 Accumulated DepreciationEquipment: $8,500 Land: $40,000 Total Assets: $351,200 Liabilities: Accounts Payable: $12,000 Salaries Payable: $2,000 Unearned Service Revenue: $25,000 Mortgage Payable: $100,000 Total Liabilities: $139,000 Owner's Equity: R. Tuttle, Capital: $21,290 R. Tuttle, Withdrawals: $23,000 Total Owner's Equity: $-1,710 Total Liabilities and Owner's Equity: $137,290 Income Statement For the Year Ended December 31, 2018 Service Revenue: $289,000 Salaries Expense: $61,000 Depreciation ExpenseBuilding and Equipment: $6,150 Office Supplies Expense: $14,040 Insurance Expense: $14,000 Utilities Expense: $20,900 Total Expenses: $116,090 Net Income: $289,000 - $116,090 = $172,910 
Utilizando la siguiente informacin, prepare un Estado de Situacin o Balance general (Balance Sheet) y un Estado de Ingresos y Gastos o
Using the following information, prepare a Balance Sheet and an Income Statement.
Tuttle Photo Co.
Balance Sheet
As of December 31, 2018
Assets:
Cash: $15,000
Accounts Receivable: $30,000
Prepaid Insurance: $7,500
Office Supplies: $3,200
Building: $160,000
Accumulated DepreciationBuilding: $12,000
Equipment: $75,000
Accumulated DepreciationEquipment: $8,500
Land: $40,000
Total Assets: $351,200
Liabilities:
Accounts Payable: $12,000
Salaries Payable: $2,000
Unearned Service Revenue: $25,000
Mortgage Payable: $100,000
Total Liabilities: $139,000
Owner's Equity:
R. Tuttle, Capital: $21,290
R. Tuttle, Withdrawals: $23,000
Total Owner's Equity: $-1,710
Total Liabilities and Owner's Equity: $137,290
Income Statement
For the Year Ended December 31, 2018
Service Revenue: $289,000
Salaries Expense: $61,000
Depreciation ExpenseBuilding and Equipment: $6,150
Office Supplies Expense: $14,040
Insurance Expense: $14,000
Utilities Expense: $20,900
Total Expenses: $116,090
Net Income: $289,000 - $116,090 = $172,910
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