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The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to...

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Accounting

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The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of Retained Earnings. Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section. Carmen O'Connor Dance Studio Company Balance Sheet August 31, 2018 Assets Less: Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Carmen O'Connor Dance Studio Company Trial Balance August 31, 2018 Balance Account Title Debit Credit Cash $ 15,800 2,000 1,700 Office Supplies Prepaid Rent Equipment Accumulated DepreciationEquipment 53,000 $ 5,000 Accounts Payable 3,900 Salaries Payable 900 Unearned Revenue 3,800 5,200 Notes Payable (long-term) Common Stock 16,000 Retained Earnings 29,850 Dividends 900 Service Revenue 17,300 4,800 Salaries Expense Rent Expense 2,000 450 Depreciation Expense Equipment Supplies Expense 700 Utilities Expense 600 $ 81,950 $ 81,950 Total

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