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The following is the adjusted trial balance from the worksheet for Tuttle Photography, Inc

The following is the adjusted trial balance from the worksheet for Tuttle Photography, Inc.

Worksheet

For the Year Ended December 31, 2013

AccountsDebitCredit

Cash$15,000

Accounts receivable30,000

Prepaid insurance7,500

Office supplies3,200

Land40,000

Building160,000

Accumulated depreciation$12,000

Equipment75,000

Accumulated depreciation8,500

Accounts payable12,000

Salaries payable2,000

Unearned service revenue25,000

Mortgage payable100,000

Common stock10,000

Retained earnings11,290

Dividends23,000

Service revenue289,000

Salaries expense61,000

Depreciation expense6,150

Supplies expense14,040

Insurance expense14,000

Utilities expense20,900

$469,790$469,790

 

Using the information provided in the worksheet above, prepare an income statement for Tuttle               Photography, Inc.

 

2The following is the adjusted trial balance from the worksheet for Tuttle Photography, Inc.

Tuttle Photography, Inc.

Worksheet

For the Year Ended December 31, 2013

AccountsDebitCredit

Cash$15,000

Accounts receivable30,000

Prepaid insurance7,500

Office supplies3,200

Land40,000

Building160,000

Accumulated depreciation$12,000

Equipment75,000

Accumulated depreciation8,500

Accounts payable12,000

Salaries payable2,000

Unearned service revenue25,000

Mortgage payable100,000

Common stock10,000

Retained earnings11,290

Dividends23,000

Service revenue289,000

Salaries expense61,000

Depreciation expense6,150

Supplies expense14,040

Insurance expense14,000

Utilities expense20,900

$469,790$469,790

 

Using the information from the worksheet above, prepare a statement of retained earnings for                                           Tuttle Photography, Inc.

3The following is the adjusted trial balance from the worksheet for Tuttle Photography, Inc.

Tuttle Photography, Inc.

Worksheet

For the Year Ended December 31, 2013

AccountsDebitCredit

Cash$15,000

Accounts receivable30,000

Prepaid insurance7,500

Office supplies3,200

Land40,000

Building160,000

Accumulated depreciation$12,000

Equipment75,000

Accumulated depreciation8,500

Accounts payable12,000

Salaries payable2,000

Unearned service revenue25,000

Mortgage payable100,000

Common stock10,000

Retained earnings11,290

Dividends23,000

Service revenue289,000

Salaries expense61,000

Depreciation expense6,150

Supplies expense14,040

Insurance expense14,000

Utilities expense20,900

$469,790$469,790

 

 

Using the information from the worksheet above, prepare a balance sheet for Tuttle Photography.

12,000

148,000Stockholders’ Equity

Equipment$75,000Common stock10,000

Less: Accumulated

depreciation

8,500

66,500

Retained earnings

161,200

 

Total assets

Dec 19 2019 View more View Less

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