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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 45
Preparing financial statements
Photo Gallery, Inc., works weddings and prom-type parties. The balance of Retained earnings was $1.7,000 at December 31, 2011. At December 31, 2012, the business's accounting records show these balances:
Requirements
1. Prepare the following financial statements for Photo Gallery, Inc., for the year ended December 31, 2012:
a. Income statement
b. Statement of retained earnings
c. Balance sheet
Photo Gallery, Inc., works weddings and prom-type parties. The balance of Retained earnings was $1.7,000 at December 31, 2011. At December 31, 2012, the business's accounting records show these balances:
Requirements
1. Prepare the following financial statements for Photo Gallery, Inc., for the year ended December 31, 2012:
a. Income statement
b. Statement of retained earnings
c. Balance sheet
Explanation
Verified
Verified
b.
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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