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Danny Hair Stylists' adjusted trial balance and statement of retained earnings follow. Prepare Danny Hair Stylists' unclassifed balance sheet at December 31, 2025. Use
Danny Hair Stylists' adjusted trial balance and statement of retained earnings follow. Prepare Danny Hair Stylists' unclassifed balance sheet at December 31, 2025. Use the account form. View the adjusted trial balance. View the statement of retained earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities and stockholders' equity sections. (If an input field is not used in the balance sheet, leave the input field empty; do not select a label or enter a zero. Abbreviation used: Acc. Depr. = Accumulated Depreciation.) Danny Hair Stylists Less: Balance Sheet December 31, 2025 Assets Liabilities Stockholders' Equity Adjusted trial balance Danny Hair Stylists Adjusted Trial Balance December 31, 2025 - Statement of retained earnings Balance Account Title Debit Credit Cash $ 1,000 Accounts Receivable 1,700 Supplies 900 Equipment 19,200 Accumulated Depreciation- Equipment $ 1,600 Danny Hair Stylists Statement of Retained Earnings Year Ended December 31, 2025 Retained Earnings, January 1, 2025 Net income for the year $ 0 7,000 7,000 Accounts Payable 300 Interest Payable 700 Dividends (700) Notes Payable 3,200 $ 6,300 Retained Earnings, December 31, 2025 Common Stock 10,700 Dividends 700 Service Revenue 16,700 Print Done Rent Expense 4,600 Supplies Expense 600 Depreciation Expense- Equipment 1,600 2,900 Interest Expense $ 33,200 $ 33,200 Total Print Done
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