S4 2 damon hair stylistss adjusted trial balance and

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Question # 11S4-2Damon Hair Stylists's adjusted trial balance and income statement follow. Prepare Damon's statement of owner's equity for the year ended December 31, 2018. Assume the owner made no contributions during the year.
Prepare the statement of owner's equity. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Exclude any zero-balance events for the period from the statement of owner's equity.)
Question # 12S4-3Dave’s HairStylists's adjusted trial balance and statement ofowner's equity follow. Prepare Dave's unclassifedbalance sheet at December 31, 2018.
Dave Hair StylistsStatement of Owner's EquityYear Ended December 31, 2018Dave, Capital, January 1, 2018$9,800 Net income for the year9,700$19,500 Owner withdrawal-1,500Dave, Capital, December 31, 2018$18,000 Begin by preparing the asset section of the balancesheet,then prepare the liabilities andowner'sequity sections. (Ifa box is not used in the balancesheet,leave the boxempty;do not select a label or enter a zero. Abbreviationused:Acc. Depr.=AccumulatedDepreciation.)Dave Hair StylistsBalance SheetDecember 31, 2018AssetsCash$1,200Accounts Receivable1,000Office Supplies1,900Equipment$19,700Less:Acc. Depr.—Equipment(1,400)18,300Total Assets$22,400LiabilitiesAccounts Payable$700Interest Payable400Notes Payable3,300Total Liabilities4,400Owner's EquityDave, Capital18,000Total Liabilities and Owner's Equity$22,400Question is complete

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