The adjusted trial balance for Haer Design Company at December 31, 2024, which is the end of its fiscal year, is as follows:

Instructions
Prepare Haer Design Company’s income statement, statement of owner’s equity, and balance sheet.

Transcribed Image Text:

Cash Accounts receivable Supplies Prepaid insurance HAER DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Equipment Accumulated depreciation-equipment Accounts payable Salaries payable Unearned revenue H. Haer, capital H. Haer, drawings Service revenue Salaries expense Supplies expense Rent expense Insurance expense Depreciation expense Debit $ 10,400 12,100 2,300 4,000 18,000 6,800 17,500 1,500 12,000 2,400 3,000 $ 90,000 Credit $ 6,000 6,900 2,200 1,400 16,000 57,500 $90,000