The adjusted trial balance of Mike O'Daniel Dance Studio Company follows:

$($Click the icon to view the adjusted trial balance.$)$

Read the requirements.

Requirement $1.$ Prepare the classified balance sheet of Mike O'Daniel Dance Studio Company at August $31,2024.$ Use the report form. You must compute the ending balance of O'Daniel, Capital.

Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the owner's equity section.

Miko O'Daniel Dance Studio Company

Balance Sheet

August $31,2024$

Assets

$$

$$

$$

$$

$$

$$

Less: $$

$$

$$

$$