![Homework: Graded MAL HW #1 [Ch. 1] Spring 2019 Save Score: 0 of 20 pts HNN Score: 2.23%, 4 of 179 pt EQuestion Help Prepare the following financial statements for Accent Photography for the year 6 of 14 (3 complete) P1-43A (open response) Accent Photography works weddings and retained earnings was $28,000 at December 31, 2017. At December 31, 2018, ended December 31, 2018 he businesss accounting records show these balances: EB (Click the icon to view the accounts.) prom-type parties. The balance of a. Income statement b. Statement of retained earnings c. Balance sheet a. Prepare Accent Photographys income statement. (If a box is not used in the table leave the box empty, do not enter a label or a zero. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.) Net Income Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer remaining I W](http://img.homeworklib.com/questions/e6ca8970-40e5-11ea-b509-819b323c9300.png?x-oss-process=image/resize,w_560)
![c 009, Spring 2019, Miller (1) Basma Al Shaqsi 1/23 work: Graded MAL HW #1 [Ch. 1] Spring 2019 6 of 14 (3 complete) HW Score: 2.239 pen response) i Ques aphy works weddings and prom-type parties. The balance of gs was $28,000 at December 31, 2017. At December 31, 2018, ccounting records show these balances: on to view the accounts.) Prepare the following financial statements for Accent Photogra ended December 31, 2018: a. Income statement. b. Statement of retained earnings. nt Photo not abbr Data Table Insurance Expense $ 8,000 Accounts Receivable S 7,000 9,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends 37,000 Notes Payable Retained Earnings, Dec. 31, 2018 14,000 4,500 Salaries Expense 70,000 Equipment 18,000 Common Stock 23,000 51,500 28,000 Print Done list or enter any number in the input fields and then click Check Answer. Clear All Check Ans](http://img.homeworklib.com/questions/e770da50-40e5-11ea-8240-6b5e54239221.png?x-oss-process=image/resize,w_560)
Homework Answers
| Accent Photography | ||
| Income Statement | ||
| For the Year Ended December 31, 2018 | ||
| Revenue: | ||
| Service revenue | 70000 | |
| Expense: | ||
| Salaries expense | 23000 | |
| Insurance expense | 8000 | |
| Advertising expense | 4500 | |
| Total expense | 35500 | |
| Net income | 34500 | |
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Homework: Graded MAL HW #1 [Ch. 1] Spring 2019 Save Score: 0 of 20 pts HNN...
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