Net profit of Acar Company ACAR PhotographyAdjusted TRIAL BALANCEDec., 31, 2018DebitCreditAccountsCashAccounts receivableSuppliesNotes ReceivableLandBuildingAccumulated Depreciation- BuildingEquipmentAccumulated Depreciation-EquipmentAccounts PayableSalaries PayableUnearned Service RevenueNotes Payable|Capital, ACARWithdrawalsService RevenueSalaries ExpenseDepreciation ExpenseSupplies ExpenseRent ExpenseUtilities Expense30.00060.00015.0006.40080.000320.00042.000150.00017.00024.0004.00050.000200.00024.58046.000578.000122.00012.30028.08028.00041.800939.580939.580

Formula: Net income = Total Revenues - Total Expenses

ACAR Photography Adjusted TRIAL BALANCE Dec., 31, 2018 Debit Accounts |Cash Accounts receivable Supplies |Notes Receivable Land Building Accumulated Depreciation- Building Equipment Accumulated Depreciation- Eguin Credit 30.000 60.000 15.000 6,400 80.000 320.000 42.000 150.000 17.000

ACAR Photography Adjusted TRIAL BALANCE Dec., 31, 2018 Debit Accounts |Cash Accounts receivable Supplies |Notes Receivable Land Building Accumulated Depreciation- Building Equipment Accumulated Depreciation- Eguin Credit 30.000 60.000 15.000 6,400 80.000 320.000 42.000 150.000 17.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Net profit of Acar Company

ACAR Photography
Adjusted TRIAL BALANCE
Dec., 31, 2018
Debit
Credit
Accounts
Cash
Accounts receivable
Supplies
Notes Receivable
Land
Building
Accumulated Depreciation- Building
Equipment
Accumulated Depreciation-
Equipment
Accounts Payable
Salaries Payable
Unearned Service Revenue
Notes Payable
|Capital, ACAR
Withdrawals
Service Revenue
Salaries Expense
Depreciation Expense
Supplies Expense
Rent Expense
Utilities Expense
30.000
60.000
15.000
6.400
80.000
320.000
42.000
150.000
17.000
24.000
4.000
50.000
200.000
24.580
46.000
578.000
122.000
12.300
28.080
28.000
41.800
939.580
939.580

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