.ta Table Darell Hai Stylists\' adjusted trial balance follows. Prepare Darell\'

Question

.ta Table Darell Hai Stylists' adjusted trial balance follows. Prepare Darell's income statement for the year ended December 31, 2018 EEB (Click on the icon to view the adjusted trial balance.) Darell Hair Stylists Income Statement Year Ended December 31, 2018 Darell 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 Debit Credit 1,600 1,300 600 19,200 5 1,700 400 3,900 12,850 Net Income (Loss) 1,800 15,500 5,500 1,000 1,700 2,400 Interest Expense 5 35,100 35,100 Total

Explanation / Answer

Particular Amount ($) Amount ($) Income Service Revenue $ 15500 Expenses Rent Expenses $ 5500 Supplies Expenses $ 1000 Depreciation Expenses $ 1700 Interest Expenses $ 2400 $ 10600 Net Profit $ 4900

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