Darell Hair Stylists' adjusted trial balance follows. Prepare Darell Hair Stylist's income statement for the year ended December 31, 2025.View the adjusted trial balance.Net Income (Loss)Darell Hair StylistsIncome StatementYear Ended December 31, 2025Adjusted trial balanceDarell Hair StylistsAdjusted Trial BalanceDecember 31, 2025Account TitleCashAccounts ReceivableSuppliesEquipmentAccumulated Depreciation EquipmentAccounts PayableInterest PayableNotes PayableCommon StockDividendsService RevenueRent ExpenseSupplies ExpenseDepreciation Expense-EquipmentInterest ExpenseTotalBalanceDebit7001,30060019,9006505,0003002,5001,30032,250 $Credit-2,5009508003,50011,00013,50032,250X

The income statement is one of the important financial statement of the business. It tells about the…

Net Income (Loss) Darell Hair Stylists Income Statement Year Ended December 31, 2025 Account Title Cash Darell Hair Stylists Adjusted Trial Balance December 31, 2025 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment Interest Expense Total $ $ Balance Debit 700 1,300 600 19,900 650 $ 5,000 300 2,500 1,300 32,250 $ Credit 2,500 950 800 3,500 11,000 13,500 32,250

Net Income (Loss) Darell Hair Stylists Income Statement Year Ended December 31, 2025 Account Title Cash Darell Hair Stylists Adjusted Trial Balance December 31, 2025 Accounts Receivable Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Common Stock Dividends Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment Interest Expense Total $ $ Balance Debit 700 1,300 600 19,900 650 $ 5,000 300 2,500 1,300 32,250 $ Credit 2,500 950 800 3,500 11,000 13,500 32,250

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 4.8C

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Question

Darell Hair Stylists' adjusted trial balance follows. Prepare Darell Hair Stylist's income statement for the year ended December 31, 2025.
View the adjusted trial balance.
Net Income (Loss)
Darell Hair Stylists
Income Statement
Year Ended December 31, 2025
Adjusted trial balance
Darell Hair Stylists
Adjusted Trial Balance
December 31, 2025
Account Title
Cash
Accounts Receivable
Supplies
Equipment
Accumulated Depreciation Equipment
Accounts Payable
Interest Payable
Notes Payable
Common Stock
Dividends
Service Revenue
Rent Expense
Supplies Expense
Depreciation Expense-Equipment
Interest Expense
Total
Balance
Debit
700
1,300
600
19,900
650
5,000
300
2,500
1,300
32,250 $
Credit
-
2,500
950
800
3,500
11,000
13,500
32,250
X

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