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1) Using the followided or on a separate sheet of paper. the table below. The first iteming list of accounts, enter the type of account

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1) Using the followided or on a separate sheet of paper. the table below. The first iteming list of accounts, enter the type of account and its normal balance into the table below. The first item is filled in as an example: 2) Sarah's Paralegal Services completed these transactions in February: a. Purchased office supplies on account, $300. b. Completed work for a client on credit, $500. c. Paid cash for the office supplies purchased in (a). d. Completed work for a client and received $800 cash. e. Received $500 cash for the work described in (b). f. Received $1,000 in advance from a client for services to be performed in March. Prepare journal entries to record the above transactions. Explanations are not necessary. Sarah's Paralegal uses the following accounts in their Chart of Accounts: Cash, Accounts Receivable, Office Supplies, Accounts Payable, Unearned Revenue, Service Revenue, Interest Revenue, Office Expense, and Rent Expense 3) A company had total assets of $350,000, total liabilities of $101,500, and total equity of $248.500. Calculate the company's debt ratio. Explain the result to a non-accountant

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