Picture Perfect Photography works weddings and prom-type parties. The balance of Williamson, Capital was $16,000 at December
Question:
Picture Perfect Photography works weddings and prom-type parties. The balance of Williamson, Capital was $16,000 at December 31, 2023. At December 31, 2024, the business’s accounting records show these balances:
Prepare the following financial statements for Picture Perfect Photography:
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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Related Book For 
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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