The company will use the adjusted trial balance to

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The company will use the adjusted trial balance to prepare financial statements .Hair Stylists has begun the preparation of its worksheet as follows:LOADING...(Click the icon to view the worksheet.)Year-end data include the following: LOADING...(Click the icon to view the data.)Complete Famous Cut'sworksheet through the adjusted trial balance section. In the adjustments section, mark each adjustment by letter.Famous Cut Hair StylistsWorksheetDecember 31, 2016UnadjustedTrial BalanceAdjustments
Account NamesDebitCreditDebitCreditCash$ 800Office Supplies400(a)$200Equipment20,600Accumulated Depreciation$700(b)700Accounts Payable500Interest Payable(c)700Note Payable3,400Fahl, Capital7,300Service Revenue15,300Rent Expense4,700 Supplies Expense(a)$200Depreciation Expense (b)700Interest Expense700 (c)700Total$27,200$27,200$1,600 $1,600AdjustedTrial BalanceDebitCredit$ 80020020,600$1,4005007003,4007,30015,3004,700

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