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4. FINANCIAL STATEMENTS Prepare financial statements from trial balance. E3.16 (LO 4) AP The adjusted trial balance for Haer Design Company at December 31,
4. FINANCIAL STATEMENTS Prepare financial statements from trial balance. E3.16 (LO 4) AP The adjusted trial balance for Haer Design Company at December 31, 2024, which is the end of its fiscal year, is as follows: HAER DESIGN COMPANY Adjusted Trial Balance December 31, 2024 Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment $ 10,400 12,100 2,300 4,000 18,000 Accumulated depreciation-equipment $6,000 Accounts payable 6,900 Salaries payable 2,200 Unearned revenue 1,400 H. Haer, capital 16,000 H. Haer, drawings 6,800 Service revenue 57,500 Salaries expense 17,500 Supplies expense 1,500 Rent expense 12,000 Insurance expense 2,400 Depreciation expense 3,000 $90,000 $90,000 Instructions Prepare Haer Design Company's income statement, statement of owner's equity, and balance sheet.
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