11/20/2019 Requirements 1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the statement of owner's equity for the month ended July 31, 2018. The beginning balance of capital was $0 and the owner contributed $24,000 during the month. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018. Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash $ 37,000 Accounts Receivable 8,700 Office Supplies 1,100 Prepaid Insurance 2,500 Equipment 24,000 Accounts Payable $ 2,800 Unearned Revenue 11,782 Notes Payable 25,000 Sousa, Capital 24,000 Sousa, Withdrawals 2,600 Service Revenue 14,468 Salaries Expense 1,300 Rent Expense 500 Utilities Expense 350 78,050 $ 78,050 Total