A list of accounts and their balances of Landon’s Beauty Salon, at its year end December 31, 2024, is presented below.

Instructions

a. Prepare a trial balance in financial statement order.

b. Prepare an income statement, statement of owner’s equity, and balance sheet.

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Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Landon, Drawings Unearned Revenue $ 5,480 5,500 35,000 17,205 55,100 6,300 2,500 Equipment Cash Supplies Expense S. Landon, Capital Salaries Expense Supplies Telephone Expense $65,800 2,990 3,960 52,150 43,300 3,175 2,000