A list of accounts and their balances of Landons Beauty Salon, at its year end December 31,
Question:
A list of accounts and their balances of Landon’s Beauty Salon, at its year end December 31, 2024, is presented below.
Instructions
a. Prepare a trial balance in financial statement order.
b. Prepare an income statement, statement of owner’s equity, and balance sheet.
Accounts Payable Accounts Receivable Notes Payable Rent Expense Service Revenue S. Landon, Drawings Unearned Revenue $ 5,480 5,500 35,000 17,205 55,100 6,300 2,500 Equipment Cash Supplies Expense S. Landon, Capital Salaries Expense Supplies Telephone Expense $65,800 2,990 3,960 52,150 43,300 3,175 2,000
Step by Step Answer:
a b LANDONS BEAUTY SALON Trial Balance December 31 2024 Cash Accounts rec...View the full answer
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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