The following are the adjusted account balances of Sally's Salon and Spa as at June 30, 2014, the business year end. The accounts are listed in alphabetical order, and all are in their normal balance. Additional information:
The note payable is due January 31, 2015.
During the year, Sally Juul-Hansen invested $10,000.
Instructions
Prepare the income statement, statement of owner equity, and classified balance sheet for Sally's June 30, 2014 year end in good format.

Question

The following are the adjusted account balances of Sally's Salon and Spa as at June 30, 2014, the business year end. The accounts are listed in alphabetical order, and all are in their normal balance.  Additional information:
The note payable is due January 31, 2015.
During the year, Sally Juul-Hansen invested $10,000.
Instructions
Prepare the income statement, statement of owner equity, and classified balance sheet for Sally's June 30, 2014 year end in good format.

Quizplus · Accepted Answer

The Answer of The following are the adjusted account balances of Sally's Salon and Spa as at June 30, 2014, the business year end. The accounts are listed in alphabetical order, and all are in their normal balance.  Additional information:
The note payable is due January 31, 2015.
During the year, Sally Juul-Hansen invested $10,000.
Instructions
Prepare the income statement, statement of owner equity, and classified balance sheet for Sally's June 30, 2014 year end in good format.

The Following Are the Adjusted Account Balances of Sally's Salon