Question

S4-4 (similar to) Question Help A Data Table Devon Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial balance.) (Click on the icon to vie i Reference - X Prepare Devon's classified balance sheet at December 31, 2018. Assume the Notes Payable i Begin by preparing the asset section of the balance sheet, then prepare the liabilities section a select a label or enter a zero.) Devon Hair Stylists Balance Sheet December 31, 2018 Assets Devon Hair Stylists Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Net income for the year $ 0 7,400 400 Devon Hair Stylists Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 1,200 Accounts Receivable 1,800 Office Supplies Equipment 19,600 Accumulated Depreciation-Equipment $ 1,600 Accounts Payable 500 Interest Payable 1,000 Notes Payable 3,400 Common Stock 10,400 Dividends 1,300 Service Revenue 16,700 6.100 Dividends 7,400 (1,300) 6,100 $ Retained Earnings, December 31, 2018 Print Done Less: L Choose from any list or enter any number in the input fields and then click Check Answer Print Done

Answer 1

$ 3,400 Devon Hair Stylists Balance Sheet December 31,2018 Assets Current assets Cash $ 1,200 Accounts Receiavble $ 1,800 Office Supplies $ 400 Total Current Assets Property, plant and Equipment Equipment $19,600 Less: Accumulated Depreciation - equipment | $ 1,600 Net Property, plant and Equipment Total assets Total Liabilities and Shareholders Equity Current Liabilities Accounts Payable $ 500 Interest Payable $ 1.000 Total Current Liabilities $ 1,500 Long Term liabilities Notes payable $ 3,400 Total Liabilities Shareholders' Equity Common Stock $10,400 Retained Earnings $ 6,100 Total Stockholders' Equity Total Liabilities and equity $18,000 $ 21,400 $ 4,900 $ 16,500 $21,400