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> Short Exercises Learning Object SA-1 Preparing an income statement Hair Stylists's adjusted trial balance follows. Prepare Daylen's income state ment for the year ended

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> Short Exercises Learning Object SA-1 Preparing an income statement Hair Stylists's adjusted trial balance follows. Prepare Daylen's income state ment for the year ended December 31, 2017. dee DAYLEN HAIR STYLISTS Adjusted Trial Balance December 31, 2017 ales Account Title Balance Debit Credit $ 1,600 1,100 2.000 19,800 $ 1,800 900 900 3,700 12,700 00 Accounts Receivable Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Interest Payable Notes Payable Daylen, Capital Daylen, Withdrawals Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment - Interest Expense Total 600 15.100 0 5,300 800 1,800 2,100 $ 35,100 S 35,100 Learr S4-2 Preparing a statement of owner's equity Refer to the data in Short Exercise S4-1. Prepare Daylen's statement of owner's equity for the year ended December 31, 2017. Assume the owner made no contributions during the year. Lea S4-3 Preparing a balance sheet (unclassified, account form) Refer to the data in Short Exercise S4-1. Prepare Daylen's unclassified balance sheet at December 31, 2017. Use the account form. S4-4 Preparing a balance sheet (classified, report form) Refer to the data in Short Exercise S4-1. Prepare Daylen's classified balance sheet at December 31, 2017. Assume the Notes Payable is due on December 1, 2020. Use the report form

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