Pretty Pictures works weddings and prom-type parties. The balance of Lemon, Capital was $20,000 at December 31,

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Pretty Pictures works weddings and prom-type parties. The balance of Lemon, Capital was $20,000 at December 31, 2023. At December 31, 2024, the business’s accounting records show these balances:

Prepare the following financial statements for Pretty Pictures:
a. Income statement for the year ended December 31, 2024.
b. Statement of owner’s equity for the year ended December 31, 2024.
c. Balance sheet as of December 31, 2024.

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Horngrens Accounting The Financial Chapters

ISBN: 9780136162186

13th Edition

Authors: Tracie Miller Nobles, Brenda Mattison

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