Dalton Hair Stylists's adjusted trial balance follows. Prepare Dalton's income statement for the year ended December 31,
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DALTON HAIR STYLISTS Adjusted Trial Balance December 31, 2018 Balance Credit Account Title Debit $ 1,300 Cash Accounts Receivable 1,500 Office Supplies 1,800 20,900 Equipment $ 2,200 Accumulated Depreciation-Equipment Accounts Payable 400 Interest Payable 500 Notes Payable 3,100 Common Stock 16,150 Dividends 1,400 13,800 Service Revenue Rent Expense 3,900 Supplies Expense 850 Depreciation Expense-Equipment 2,200 Interest Expense 2,300 $ 36,150 $ 36,150 Total
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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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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