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Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance

Price: $1.99


Famous Cut Hair Stylists has begun the preparation of its adjusted trial balance
as follows:

FAMOUS CUT HAIR STYLISTS 
Preparation of Adjusted Trial Balance 
December 31, 2012
Trial Balance
Adjustments
Adjusted Trial Balance
Account
Debit
Credit
Debit
Credit
Debit
Credit
Cash
$ 800
Supplies
900
Equipment
19,100
Accumulated depreciation
$ 1,000
Accounts payable
200
Interest payable
Note payable
2,500
Fabio, capital
7,400
Service revenue
14,800
Rent expense
4,500
Supplies expense
Depreciation expense
Interest expense
600
Total
$25,900
$25,900

Year-end data include the following:

a. Supplies on hand, $300.

b. Depreciation, $1,000.

c. Accrued interest expense, $600.

Requirement

1. Complete Famous Cut’s adjusted trial balance. Key each adjustment by letter.

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