The adjusted trial balance of Chris O'Donovan

ChrisO'Donovan Dance Studio Companyfollows:

.Requirement 1. Prepare the classified balance sheet of Chris O'Donovan

ChrisO'Donovan Dance Studio Company at August

August 31, 2018. Use the report form. You must compute the ending balance of O'Donovan, Capital.

Begin by preparing the asset section of the balancesheet, then prepare the liabilities section and finally theowner's equity section.Chris O'Donovan Dance Studio Company

Trial Balance

August 31, 2018

Balance

Account Title

Debit

Credit

Cash

$

15,100

Office Supplies

2,400

Prepaid Rent

1,100

Equipment 57,000

Accumulated DepreciationEquipment $5,800

Accounts Payable 4,600

Salaries Payable 300

Unearned Revenue 4,400

Notes Payable (long-term) 4,700

O'Donovan, Capital 48,300

O'Donovan, Withdrawals 1,000

Service Revenue 16,500

Salaries Expense 4,200

Rent Expense 1,500

Depreciation ExpenseEquipment 400

Supplies Expense1,000

Utilities Expense900

Total

$84,600

$84,600