Print Item Chart of Accounts Labels and Amount Descriptions General Journal Income Statement Aunt Ibby's Styling Salon Worksheet For Year Ended December 31, 20- ADJUSTED TRIAL ADJUSTMENTS ADJUSTMENTS BALANCE NCE INCOME BALANCE SHEET BALANCE SHEET ADJUSTED TRIAL BALANCE Credit INCOME STATEMENT Debit STATEMENT Debit Credit Debit Credit Debit Credit 940.00 940.00 50.00 50.00 (a) 1,450.00 (b) 650.00 150.00 150.00 4,500.00 4,500.00 (d) 900.00 900.00 900.00 2250 225.00 25.00 40.00 (c) 40.00 40.00 2.765.00 2.765.00 55.00 12,000.00 12,000.00 eck My Work uses remaining. Pok ghmentMain.do?invoker-take AssignmentSessionLocator=&inprogress=false X CengageNOW2 Online Book Print item Instructions Chart of Accounts Labels and Amount Descriptions General Journal Income Statement 1400 225.00 144000 2.765.00 12,000.00 17.000.00 Instructions Accumulated Depreciation-ston Equipment Accounts Payable Wages Payable to Elizabeth Soltis, Capital 11 Elizabeth Soltis, Drawing 12 Styling Fees 13 Wages Expense Rent Expense 15 Styling Supplies Expense 18 Phone Expense Utilities Expense 1. Insurance Expense 32,000.00 8,000.00 (9 40.00 00:00 6,000.00 6,000.00 p) 1,450.00 1450.00 450.00 450.00 800.00 300.00 650.00 (b) 650.00 d) 900.00 19 Depreciation Expense --Salon Equipment 900.00 $34,990.00 20 $54,990.00 $5.040,00 53.040.00 $15.950.00 21 Net Income 22 My Work 1 more Check My Work uses remaining. Anker-atakeAssignmentSessionLocatore&inprogress=false Update Print Item Chart of Accounts Labels and Amount Descriptions General Journal Income Statement 225.00 225.00 225.00 1940.00 40.00 40.00 7.765.00 2.76500 2.765.00 12.000.00 12.000.00 32,000.00 32,000.00 32,000.00 140.00 8,040.00 8,040.00 6,000.00 6,000.00 (a) 1.450.00 1,450.00 1,450.00 450.00 450.00 800.00 800.00 650.00 650.00 (D) 650.00 (d) 900.00 900.00 900.00 $35.950.00 18.290.00 32,000.00 $35,930.00 17640.00 593000 $34,990.00 35,040.00 $3,040.00 13,710.00 1371000 $32,000.00 $32,000.00 $17.640.00 $17.64000 are Check My Work uses remaining 450.00 17 Utilities Expense 800.00 18 Insurance Expense (b) 65 19 Depreciation Expense--Salon Equipment (d) 90 20 $34,990.00 $34,990.00 $3,04 21 Net Income 22 Required: 1. Prepare adjusting entries and closing entries. 2. Prepare an income statement 3. Prepare the statement of owner's equity. Soltis made no additional investments during the year. 4. Prepare the balance sheet. Check My Work 1 more Check My Work uses remaining. Print Item Chart of Accounts Labels and Amount Descriptions General Journal Income Statement Aunt Ibby's Styling Salon Worksheet For Year Ended December 31, 20- ADJUSTED TRIAL ADJUSTMENTS ADJUSTMENTS BALANCE NCE INCOME BALANCE SHEET BALANCE SHEET ADJUSTED TRIAL BALANCE Credit INCOME STATEMENT Debit STATEMENT Debit Credit Debit Credit Debit Credit 940.00 940.00 50.00 50.00 (a) 1,450.00 (b) 650.00 150.00 150.00 4,500.00 4,500.00 (d) 900.00 900.00 900.00 2250 225.00 25.00 40.00 (c) 40.00 40.00 2.765.00 2.765.00 55.00 12,000.00 12,000.00 eck My Work uses remaining. Pok ghmentMain.do?invoker-take AssignmentSessionLocator=&inprogress=false X CengageNOW2 Online Book Print item Instructions Chart of Accounts Labels and Amount Descriptions General Journal Income Statement 1400 225.00 144000 2.765.00 12,000.00 17.000.00 Instructions Accumulated Depreciation-ston Equipment Accounts Payable Wages Payable to Elizabeth Soltis, Capital 11 Elizabeth Soltis, Drawing 12 Styling Fees 13 Wages Expense Rent Expense 15 Styling Supplies Expense 18 Phone Expense Utilities Expense 1. Insurance Expense 32,000.00 8,000.00 (9 40.00 00:00 6,000.00 6,000.00 p) 1,450.00 1450.00 450.00 450.00 800.00 300.00 650.00 (b) 650.00 d) 900.00 19 Depreciation Expense --Salon Equipment 900.00 $34,990.00 20 $54,990.00 $5.040,00 53.040.00 $15.950.00 21 Net Income 22 My Work 1 more Check My Work uses remaining. Anker-atakeAssignmentSessionLocatore&inprogress=false Update Print Item Chart of Accounts Labels and Amount Descriptions General Journal Income Statement 225.00 225.00 225.00 1940.00 40.00 40.00 7.765.00 2.76500 2.765.00 12.000.00 12.000.00 32,000.00 32,000.00 32,000.00 140.00 8,040.00 8,040.00 6,000.00 6,000.00 (a) 1.450.00 1,450.00 1,450.00 450.00 450.00 800.00 800.00 650.00 650.00 (D) 650.00 (d) 900.00 900.00 900.00 $35.950.00 18.290.00 32,000.00 $35,930.00 17640.00 593000 $34,990.00 35,040.00 $3,040.00 13,710.00 1371000 $32,000.00 $32,000.00 $17.640.00 $17.64000 are Check My Work uses remaining 450.00 17 Utilities Expense 800.00 18 Insurance Expense (b) 65 19 Depreciation Expense--Salon Equipment (d) 90 20 $34,990.00 $34,990.00 $3,04 21 Net Income 22 Required: 1. Prepare adjusting entries and closing entries. 2. Prepare an income statement 3. Prepare the statement of owner's equity. Soltis made no additional investments during the year. 4. Prepare the balance sheet. Check My Work 1 more Check My Work uses remaining
