Prepare the financial statements for studio photography inc, Financial Accounting

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Prepare the financial statements for studio photography inc

Problem

Studio Photography, Inc., works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2011. At December 31, 2012, the business's accounting records show these balances:

Prepare the following financial statements for Studio Photography, Inc. for the year ended December 31, 2012:

i. Income statement
ii. Statement of retained earnings
iii. Balance sheet

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Financial Accounting: Prepare the financial statements for studio photography inc

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Financial Accounting: Prepare the financial statements for studio photography inc

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