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A list of accounts and their balances of Smith s Beauty Salon, at its year end December 3 1 , 2 0 2 4 ,

A list of accounts and their balances of Smiths Beauty Salon, at its year end December 31,2024, is presented below.
Accounts Payable $4,384 Equipment 52,640
Accounts Receivable 4,400 Cash 2,392
Notes Payable 28,000 Supplies Expense 3,168
Rent Expense 13,764 S. Smith, Capital 41,720
Service Revenue 44,080 Salaries Expense 34,640
S. Smith, Drawings 5,040 Supplies 2,540
Unearned Revenue 2,000 Telephone Expense 1,600
Prepare a trial balance.
Prepare an income statement
Prepare statement of owners equity
Prepare balance sheet

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