16. Using the expanded accounting equation, solve for the missing amount Assets Liablities Common Stock Dividends Revenues Expenses 71,288 2,260 14,420 53,085 28,675 Begin by selecting the formula for the expanded accounting equarion. Then enter the amounts to solve for the missing amount oose from any list or enter any number in the input fields and then continue to the next question Save for Later 17. Using the information provided, analze the affects of Lawlor Lawn Service's transactions on the accouring equation (Click the loon to view the transactions Analyze the events chronologically, one transaction at a time, beginning with the transaction on May 1st For each transaction that follows the May 1st transaction, calculate the balance in each aocount after analyzing its efflect on the accounting equation. (Complete orey the necessary answer boxes for your bansaction ines Fertransaction lines, do not enteraW"ifar account is not efected by transaction Carry al his ces to the Dai ion inokadirgmo bance ace ora entering a "0" for any zero balances. Enter a decresse in an account with a minus sign or parentheses Abbreviation used Contr Contributed, Liab-Lib ASSETS Contr Retained Earnings Cash Accounts +EquipmentAccounts Common-Dividends Service Payable Stock Revenue Expense 517 Enter any number in the edit teids and then continue to the next question 18. Using the following information, complete the income statement, statement of netained EEE (Cick the icon to view the account baiances) eamings, and balance sheet for DIR Painting for the month of March 2018. The business began operations on March 1,2018 Begin by preparing the income statement for DR Painting for the month of March 2018 0f a box is net used ins the table leave the box empty, do not select a label or enter a zen.) Now prepare the statement of retained eamings for DiR Painting for the month of March 2018. (Complete all answer boses. Enter a "O" for any beginning or ending zeno balances) Retained Eamings, March 1, 2018 Choose trom any list or enter any number in the input tlelds and then continue to the next question Save for Later 5 7 3 4 22. Using the following accounts and their balances, prepare the trial balance for EE (Click the icon to view Carter Furniture Repairs accounts.) Carter Funiture Repair as of December 31, 2018. All accounts have normal balances Carter Furniture Repalr Trial Balance December 31, 2018 Account Title DebitCredit any list or enter any number in the input fieids and then continue to the ext Save for Later 5 3 23. Using the following accounts and their balances, calculate the debt ratio for Carter Furniture Repair as of December 31. EEB (Click the icon to view Carter Furniture Repair's accounts.) Debt Rato Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Harlem Carpentry had the folowing accounts and account balances after adjusting entries Assume all accounts have normal balances. Prepare the adusted trial baiance for Harlem Carpentry as of December 31,2018 (Click the icon to view the accont balances) Harlem Carpentry Adjusted Trial Balance December 31, 2018 Account Title Cash Accounts Receivable Office Supplies Accounts Payable Uiies Payable Unearned Revenue Common Stock Service Revenue Salares Expense Enter any number in the edit fields and then continue to the next question Save for Later 5 6 3 9. Idently the ingad on te ineome statement and balance sheedsting entries for the folowing stuations were not recoded. (Cick the icon to view the adjusing entries for each shuation.) (For each situation, select two items impacted for te income statement and two hems impacted for te balance sheet, trovations used AD . Acomdited Impact on: Income Statement Balance sheet hoose from any drop-down list and then continue to the next question 3 5 6 7 8 10 EEE (Click the icon to view the partiaily completed worksheet.) Sams Delivery Service December 31, 2018 Trial Balance Accounts Receivable Office Supples Prepaid Rent Delivery Van b) 11 Accounts Payable ies Payable alaes Payble 6 7 8 10. The partial worksheet for Sams EEB(Cick the loon to view the partially completed worksheet.) 0 Prepaid Rent Delivery Van Accumulated Depreciation-Equipment Accounts Payable Uslities Payable Salaries Payable Unearned Revenue Delilvery Revense Rent Expense Balaries Expense Buoplies Expense Utiies Expense 2.000 2 8 9 For each account listed, identify the category in which it would appear on a classifled balance sheet. Category 1. Patents 2 Mortgage Payable (due in five years) 3. Land 4. Office Supplies 5. Unearned Revenue Investments in stock of another company held long 6. term 7. Accumulated Depreciation-Furniture Choose from any drop-down list and then continue to the next question Save for Lae 2 3 4 os lock (Click the ioon to view the account balances.) 14 Prepare the closing entries for Billings at December 31 Clos (1) Clos (2) 2 and Ex Clos (3) Clos. (4) 15. What is the balance of Retained Eamings aher closing entries have been recorded? (Use a T-account to determine the balance) Use "Clos and the c "Gos car, ete. The adausted balance of ts account has been entered for you. Post any losng entries to this account and then calculate the postas ng b 2 G H s lock For each account listed, identify whether the account would appear on the post-closing trial balance. Indicate either yes or no Yes/No 16. Dividends 17.Service Revenue 18.Cash 19. Advertising Expense 20. Retained Earnings Choose trom any drop-down ist and then continue to the next question Save for Later 2 3 4 22. Billings Auto Repair has the following account balances at December 31, 2018, from its adjusted trial balance. B (Click the icon to view the account balances.) Compute Bilings Auto Repair's current ratio Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places, X.xXxx.) Current ratio Choose from any list or enter any number in the input tields and then continue to the next question 20 3 4 5 2