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Accent Photography works weddings and prom-type parties. The balance of capital was $20,000 at

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Accent Photography works weddings and prom-type parties. The balance of capital was $20,000 at December 31, 2010. At December 31, 2011, the business? accounting records show these balances;Insurance expense $8,000;Cash $31,000;Accounts payable $6,000;Advertising Expense $1,000;Service revenue $81,000;Owner withdrawal $15,000;Accounts receivable $10,000;Note payable $12,000;Owner equity?;Salary expense $27,000;Equipment $60,000;Owner Investment $33,000;Prepare the following statements for Accent Photography for the year end December 31, 2011;A. Income statement;B. Statement of owner?s equity;C. Balance sheet

 

Paper#78439 | Written in 18-Jul-2015

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