Texts: (Click on the icon to view the adjusted trial balance. Click on the icon to view the statement of retained earnings. Prepare Darell's classified balance sheet at December 31, 2024. Assume the Notes Payable is due on December 1, 2031. Use the report form.)
Darell Hair Stylists Balance Sheet December 31, 2024 Assets
Data table
Darell Hair Stylists Adjusted Trial Balance December 31, 2024
Balance Debit Credit
Cash 900
Accounts Receivable 1,300
Office Supplies 1,200
Equipment 19,700
Accumulated Depreciation - Equipment 1,100
Accounts Payable 950
Interest Payable 700
Notes Payable 3,900
Common Stock 11,850
Dividends 1,600
Service Revenue 15,500
Rent Expense 5,100
Supplies Expense 1,000
Depreciation Expense - Equipment 1,100
Interest Expense 2,100
Total 34,000 34,000
Reference
Account Title
Cash
Accounts Receivable
Office Supplies
Equipment
Accumulated Depreciation - Equipment
Accounts Payable
Interest Payable
Notes Payable
Common Stock
Dividends
Service Revenue
Rent Expense
Supplies Expense
Depreciation Expense - Equipment
Darell Hair Stylists Statement of Retained Earnings Year Ended December 31, 2024
Retained Earnings, January 1, 2024
Less: Dividends
Net income for the year
Total
Retained Earnings, December 31, 2024
Print
Dams
Interest Expense
Total
Stockholders' Equity
Print