Based on the Following Trial Balance for Sally's Salon, Prepare

question 195

Essay

Based on the following trial balance for Sally's Salon, prepare an income statement, statement of owner's equity, and a balance sheet. Sally Crawford made no additional investments in the company during the year.
$\begin{array}{c}\text { Sally's Salon}\\\text { Trial Balance}\\\text { December 31}\\.\begin{array}{|l|l|l|}\hline\text { Cash } &\$6,500 \\\hline \text { Accounts receivable } & 475 \\\hline \text { Beauty supplies } & 2,500 \\\hline \text { Beauty shop equipment } & 17,000 \\\hline \text { Accounts payable } &&\$745 \\\hline \text { S. Crawford, Capital } & &21,155\\\hline \text { S. Crawford, Withdrawals } & 36,000 \\\hline \text { Revenue earned } &&72,000\\\hline\end{array}\end{array}$

$$\begin{array} {| l | l |r | } \hline \text { Beauty supplies expense } & 3,425 & \\\hline \text { Rent expense } & 6,000 & \\\hline \text { Wages expense } & & 22,000 \\\hline \text { Totals } & \$ 93,900 & \$ 93,900 \\\hline\end{array}$$

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Definitions:

Borderline Personality Disorders

A mental health condition characterized by unstable moods, behavior, and relationships.

Psychotic Symptoms

Experiences that involve a loss of contact with reality, such as hallucinations or delusions, often found in disorders like schizophrenia.

Psychoanalytic Theory

A theory of personality organization and the dynamics of personality development that guides psychoanalysis, a clinical method for treating psychopathology, developed by Sigmund Freud.

Borderline Personality Disorder

A mental disorder characterized by unstable moods, behaviors, and relationships.