1 The adjusted trial balance of Marineland Travel Designers at December 31, 20X6, follows.

MARINELAND TRAVEL DESIGNERS

Adjusted Trial Balance December 31, 20X6

Cash

1,320

Accounts receivable

4,920

Supplies

2,300

Prepaid rent

1,600

Office equipment

20,180

Accumulated depreciationoffice equipment

Rs.4,350

Office furniture

37,710

Accumulated depreciationoffice furniture

4,870

Accounts payable

4,740

Interest payable

830

Unearned service revenue

620

Note payable

13,500

Ken Sorley, capital

26,090

Ken Sorley, drawings

29,000

Service revenue

120,910

Depreciation expenseoffice equipment

6,680

Depreciation expenseoffice furniture

2,370

Salary expense

39,900

Rent expense

17,400

Interest expense

3,100

Utilities expense

2,670

Insurance expense

3,810

Supplies expense

2,950

Total

Rs.175,910 Rs.175,910

Required

1.Prepare Marineland's 20X6 income statement and year-end balance sheet.

Find out the following ratios

a.Liquidity

b.Profitability

c.Leverage

d.Efficiency ratio/Asset Activity

2 AMOS FARADAY, CONSULTANT

Adjusted Trial Balance

December 31, 20XX

Adjusted Trial Balance

^Account DebitCredit

Cash Rs.11,700

Accounts receivable 1,500

Supplies 100

Equipment 2,000

Accumulated depr.equipment Rs.50

Furniture 3,600

Accumulated depr.furniture 60

Accounts payable 3,600

Salary payable 500

Unearned service revenue 600

Amos Faraday, capital 14,000

Amos Faraday, withdrawals 1,600

Service revenue 3,200

Rent expense 500

Utilities expense 200

Salary expense 500

Depreciation expenseequipment 50

Depreciation expensefurniture 60

Supplies expense 200

Rs.22,010 Rs.22,010

Total

1.

a.Prepare Income Statement

b.Prepare classified balance sheet at December 31.

2.Find out the following ratios

a.Liquidity

b.Profitability

c.Leverage

d.Efficiency ratio/Asset Activity

.3 The trial balance of Cohen Construction Co. at June 30, 20X3, follows.

COHEN CONSTRUCTION CO.

Trial Balance

June 30, 20X3

Cash Rs.21,200

Accounts receivable 37,820

Supplies 17,660

Prepaid insurance 2,300

Equipment 32,690

Accumulated depreciationequipment Rs.26,240

Building 42,890

Accumulated depreciationbuilding 10,500

Land 28,300

Accounts payable 22,690

Interest payable

Wage payable

Unearned service revenue 10,560

Note payable, long-term 22,400

Lynn Cohen, capital 79,130

Lynn Cohen, withdrawals 4,200

Service revenue 20,190

Depreciation expenseequipment

Depreciation expensebuilding

Wage expense 3,200

Insurance expense

Interest expense

Utilities expense 1,110

Advertising expense 340

Supplies expense

Rs.191,710 Rs.191,710 Total

Additional data at June 30, 20X3:

i.Depreciation: equipment, Rs.630; building, Rs.370.

j.Accrued wage expense, Rs.240.

k.Supplies on hand, Rs.14,370

l.Prepaid insurance expired during June, Rs.500.

m.Accrued interest expense, Rs.180.

n.Unearned service revenue earned during June, Rs.4,970.

o.Accrued advertising expense, Rs.100 (credit Accounts Payable).

p.Accrued service revenue, Rs.1,100.

1)Prepare the: -

a)Income Statement

b)Balance Sheet.

2)Find out the following ratios

a.Liquidity

b.Profitability

c.Leverage

d.Efficiency ratio/Asset Activity