Dalton Hair Stylists' adjusted trial balance and income statement follow. Prepare Dalton's statement of retained earnings for the year ended December 31, 2018.
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Homework Answers
Statement of Retained earnings
| Retained earnings, January 1, 2018 | 0 |
| Net income | 4,550 |
| 4,550 | |
| Dividends | - 1,400 |
| Retained earnings, December 31, 2018 | $3,150 |
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Dalton Hair Stylists' adjusted trial balance and income statement follow.
Dalton Hair Stylists' adjusted trial balance follows.
Dalton Hair Stylists' adjusted trial balance follows. Prepare Dalton's income statement for the year ended December 31, 2018.
Dalton Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial...
Dalton 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 eamings.) Prepare Dalton's classified balance sheet at December 31, 2024. Assume the Notes Payable in due on December 1, 2031. Use the report form. Begin by preparing the set section of the balance sheet, then prepare the abilities section and finally the stockholders' quity section. It a box is not used in the...
Dawson Hair Stylists' adjusted trial balance follows Prepare Dawson's income statement for the year ended December...
Dawson Hair Stylists' adjusted trial balance follows Prepare Dawson's income statement for the year ended December 31, 2018 (Click on the icon to view the adjusted trial balance.) Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. Cash $ 1,200 Accounts Receivable 2,000 Office Supplies 1,100 20,000 Equipment Accumulated Depreciation-Equipment $ 1,800 Accounts Payable 900 Interest Payable 400 Notes Payable 3.500 Common Stock 14.000 Common Stock 14,000...
Devon Hair Stylists's adjusted trial balance follows. (Click on the icon to view the adjusted trial...
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...
Please reply in same format. Data Table Darell Hair Stylists Adjusted Trial Balance December 31, 2018...
Please reply in same
format.
Data Table Darell Hair Stylists Adjusted Trial Balance December 31, 2018 Balance Account Title Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Common Stock Dividends Debit Credit 1,600 1,700 600 19,300 $ 2,400 200 800 3,500 12,900 1,300 Print Done 1 Reference Darell Hair Stylists Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 4,700 4,700 (1,300) 3,400 Net income for the year Dividends...
S4-4 (similar to) Question Help A Data Table Devon Hair Stylists's adjusted trial balance follows. (Click...
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...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31,...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
Required: a. Use the adjusted trial balance to prepare the December 31, 2018, year-end income statement....
Required:
a. Use the adjusted trial balance to prepare
the December 31, 2018, year-end income statement.
b. Use the adjusted trial balance to prepare
the December 31, 2018, year-end statement of retained earnings.
c. Use the adjusted trial balance to prepare
the December 31, 2018, year-end balance sheet.
QS 3-19 Preparing financial statements LO P3 The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 209 233 307 318 Adjusted Trial Balance December 31, 2018...
The adjusted trial balance for Sunland Company is given below: Prepare the income statement for the...
The adjusted trial balance for Sunland Company is given below:
Prepare the income statement for the year ended August 31.
Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial...
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment $ 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense Utilities Expense Rent Expense Depreciation Expense 6,600 1,800 2,700 600 552 $43.950 $43.950 Income Taxes Expense Instructions: Using Adjusted Trial Balance above: (1)...
Dalton Hair Stylists' adjusted trial balance follows. Prepare Dalton's income statement for the year ended December 31, 2018.
Dalton 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 eamings.) Prepare Dalton's classified balance sheet at December 31, 2024. Assume the Notes Payable in due on December 1, 2031. Use the report form. Begin by preparing the set section of the balance sheet, then prepare the abilities section and finally the stockholders' quity section. It a box is not used in the...
Dawson Hair Stylists' adjusted trial balance follows Prepare Dawson's income statement for the year ended December 31, 2018 (Click on the icon to view the adjusted trial balance.) Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer. Cash $ 1,200 Accounts Receivable 2,000 Office Supplies 1,100 20,000 Equipment Accumulated Depreciation-Equipment $ 1,800 Accounts Payable 900 Interest Payable 400 Notes Payable 3.500 Common Stock 14.000 Common Stock 14,000...
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...
Please reply in same
format.
Data Table Darell Hair Stylists Adjusted Trial Balance December 31, 2018 Balance Account Title Cash Accounts Receivable Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Common Stock Dividends Debit Credit 1,600 1,700 600 19,300 $ 2,400 200 800 3,500 12,900 1,300 Print Done 1 Reference Darell Hair Stylists Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 4,700 4,700 (1,300) 3,400 Net income for the year Dividends...
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...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
Required:
a. Use the adjusted trial balance to prepare
the December 31, 2018, year-end income statement.
b. Use the adjusted trial balance to prepare
the December 31, 2018, year-end statement of retained earnings.
c. Use the adjusted trial balance to prepare
the December 31, 2018, year-end balance sheet.
QS 3-19 Preparing financial statements LO P3 The adjusted trial balance for Zahurak Company follows. No. 101 106 153 154 183 201 209 233 307 318 Adjusted Trial Balance December 31, 2018...
The adjusted trial balance for Sunland Company is given below:
Prepare the income statement for the year ended August 31.
Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.)
Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)
The following is Sunlight Co. year-end adjusted trial balance dated December 31, 2018. Sunlight Co. Adjusted Trial Balance at 31 December 2018 Debit Credit Cash $ 5,700 Accounts Receivable 4,500 Prepaid Insurance 2,100 Office Equipment 18,300 Accumulated Depreciation: Office Equipment $ 600 Accounts Payable 3,600 Capital Stock 15,300 Retained Earnings 2,700 Dividends 1,100 Revenue 21,750 Salaries Expense Utilities Expense Rent Expense Depreciation Expense 6,600 1,800 2,700 600 552 $43.950 $43.950 Income Taxes Expense Instructions: Using Adjusted Trial Balance above: (1)...
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