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Devon Hair Stylists' adjusted trial balance and income statement follow. Prepare Devon Hair Stylists' statement of retained earnings for the year ended December 3 1
Devon Hair Stylists' adjusted trial balance and income statement follow. Prepare Devon Hair Stylists' statement of retained earnings for the year ended December Assume beginning Retained Earnings is $ Adjusted trial balance
tableDecember Account Title,BalanceDebit,CreditCash$Accounts Receivable,,SuppliesEquipmentAccumulated DepreciationEquipment,,$Accounts Payable,,,Interest Payable,,,Notes Payable,,,Common Stock,,,DividendsService Revenue,,,Rent Expense,,Supplies Expense,,Depreciation ExpenseEquipment,,Interest Expense,,Total$$ Income statement
View the adjusted trial balance.
View the income statement.
Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. For amounts with a $ balance, make sure to enter in the appropriate input field.
Devon Hair Stylists
Statement of Retained Earnings
Year Ended December
Retained Earnings, January
Retained Earnings, December
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