Damon Hair Stylists's adjusted trial balance and statement of retained earnings follow. Prepare Damon's unclassifed balance sheet at December 31, 2024. Use the account form. Damon Hair Stylists Adjusted Trial Balance December 31, 2024 Balance Account Title Debit Credit Cash $1,700 Accounts Receivable 2,000 Office Supplies 400 Equipment 20,100 Accumulated Depreciation—Equipment $2,000 Accounts Payable 950 Interest Payable 400 Notes Payable 3,700 Common Stock 11,250 Dividends 900 Service Revenue 15,200 Rent Expense 5,500 Supplies Expense 200 Depreciation Expense—Equipment 2,000 Interest Expense 700 Total $33,500 $33,500 (Click on the icon to view the adjusted trial balance.) Damon Hair Stylists Statement of Retained Earnings Year Ended December 31, 2024 Retained Earnings, January 1, 2024 $0 Net income for the year 6,800 6,800 Dividends (900) Retained Earnings, December 31, 2024 $5,900 (Click on the icon to view the statement of retained earnings.) Begin by preparing the asset section of the balance sheet, then prepare the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero. Abbreviation used: Acc. Depr. = Accumulated Depreciation.) Damon Hair Stylists Balance Sheet December 31, 2024 Assets Less: Liabilities Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next question.
