Tuttle Photography Trial Balance For the Year Ended December

Tuttle Photography Trial Balance For the Year Ended December 31, 2015 Accounts Debit Credit Cash $1,700 Accounts Receivable 8,500 Office Supplies 100 Equipment 52,000 Accounts Payable 1,200 Salaries Payable Uneamed Revenue Maller. Capital Miller, Withdrawals 800 600 3,400 3,000 Service Revenue 50,000 Salaries Expense Supplies Expense Depreciation Expense- Equipment 25,000 1800 Total $58.009$58.000

Solution

Income Statement of Tuttle Photography :-

Particulars	Amount($)	Amount($)
Revenue:-
Service Revenue	50000
Total Revenue	50000	50000
Expenses :-
Salaries Expenses	25000
Supplies Expenses	2400
Depreciation Expenses - Equipment	1800
Total Expenses	29200	29200
Profit/(Loss) ($50000 - $29200)		20800