Question

Devon Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial balance.) (Click on the icon to view the statement of retained earnings.) Prepare Devon's classified balance sheet at December 31, 2018. Assume the Notes Payable is due on December 1, 2025. Use the report form. Data Table ^ pf Retained Earnings. If a box is not used in the balance sheet, leave the box empty; do not Begin by preparing the asset section of the balance sheet, then prepare the liabilities secti select a label or enter a zero.) i Reference Devon Hair Stylists Balance Sheet December 31, 2018 Account Title Assets $ Balance Debit Credit 1,200 1,800 400 19,600 $ 1,600 Devon Hair Stylists Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 $ Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Interest Payable Notes Payable Common Stock Dividends 0 7,400 Net income for the year 500 Dividends 1,000 3,400 10,400 7,400 (1,300) 6,100 $ Retained Earnings, December 31, 2018 Less: 1,300 16,700 Print Done Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment Interest Expense Choose from any list or enter any number in the input fields and then click Check Ar 5,400 600 1,600 1,700 2 parts 2 remaining Check Answer $ 33,600 $ 33,600 Total

Answer 1

Deven's Classified Belowce Sheet as at 316066, de 18 Amount in Assets Current Assets Cash 1200 Accounts Receivable 1400 480 Office supplies 3400 Total Current Assets fixed Assete Equipment 19600 1600 less leprevations Total Non- Current Assets 18,000 18,000 Total Assets श५०० Liabilities & Equily Current liabilities Accounts Payable 500 Interest Payable Notes Payable 3400 4१०० Total current l'asilities Xon-Current liabilities Todal l'abilities Shareholder's Epcity Common Stoele 10,400 Retained Earnings 6,100 16,500 Total Equity Total liabilities 21400 ५,१०० 4.900 16500