Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dalton Hair Stylists Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash Accounts Receivable 1,300 1,500 1,800 20,900 Office Supplies Equipment Accumulated
Dalton Hair Stylists Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash Accounts Receivable 1,300 1,500 1,800 20,900 Office Supplies Equipment Accumulated Depreciation-Equipment $ 2,200 Accounts Payable 400 Interest Payable 500 Notes Payable 3,100 16,150 Common Stock Dividends 1,400 Service Revenue 13,800 Rent Expense 3,900 Supplies Expense 850 Depreciation Expense-Equipment Interest Expense 2,200 2,300 36,150 $ $ 36,150 Total Dalton Hair Stylists's adjusted trial balance and statement of retained earnings follow. Prepare Dalton's unclassifed balance sheet at December 31, 2018. Use the account form. (Click on the icon to view the adjusted trial balance.) (Click on the icon to view the statement of retained earnings.) Begin by preparing the asset section of the balance sheet, then prepare the liabilities and retained eamings sections. (if a box is not used in the balance sheet, leave the box empty, do not select a label or enter a zero. Abbreviation used: Acc. Depr. = Accumulated Depreciation.) Dalton Hair Stylists Balance Sheet December 31, 2018 i Reference Assets Liabilities Dalton Hair Stylists Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Stockholders' Equity Net income for the year 4,550 4,550 (1.400) Dividends 3,150 Retained Earnings, December 31, 2018 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started