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Dalton Hair Stylists Income Statement Year Ended December 31, 2018 Dalton Hair S

ID: 2338982 • Letter: D

Question

Dalton Hair Stylists Income Statement Year Ended December 31, 2018 Dalton Hair Stylists Adjusted Trial Balance December 31, 2018 Balance 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 Interest Expense Total Debit Credit 1,300 1,500 1,800 20,900 Expenses: S 2,200 400 500 3,100 16,150 Depreciation Expense Equipment Net Income (Loss) 1,400 13,800 3,900 850 2,200 2,300 $36,150 $36,150 Print Done

Explanation / Answer

Dalton hair Stylists Income Statement Year Ended December ,31 2018 Income : Service Revenue $ 13800 Expenses: Rent Expenses 3900 Supplies Expenses 850 Interest Expenses 2300 Depreciation Expense-Equipment 2200 Total Expense 9250 Net Income (loss) 4550