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The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement
The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company at August 31, 2024 Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the owner's equ Carmen O'Connor Dance Studio Company Balance Sheet August 31, 2024 Assets Account Title Cash Office Supplies Prepaid Rent Equipment Less: Calculator Balance Debit Credit 14,500 1,600 1,400 58,000 Accumulated Depreciation-Equipment 6,200 Accounts Payable 4,200 Salaries Payable 500 Unearned Revenue 3,800 Notes Payable (long-term) 4,600 O'Connor, Capital 45,500 O'Connor, Withdrawals 1,100 Service Revenue 18,200 Salaries Expense 3,100 Rent Expense 1,700 Depreciation Expense-Equipment 400 Supplies Expense 500 700 Utilities Expense 83,000 $ 83,000 Total Print Done
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