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

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.2.1MBA

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