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4 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. 3.75 points eBook Print TYBALT CONSTRUCTION Adjusted Trial Balance December 31,

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4 The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. 3.75 points eBook Print TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title 101 Cash 104 Short-term investments 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation-Equipment 174 Accumulated depreciation-Buildi, 183 Land 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned professional fees 244 Current portion of long term note payable 251 Long-term notes payable 301 O. Tybalt, Capital 302 O. Tybalt, withdrawals 401 Professional fees earned 406 Rent earned 407 Dividends earned 409 Interest earned 606 Depreciation expense-Building 612 Depreciation expense-Equipment 623 Wages expense 633 Interest expense 637 Insurance expense 640 Rent expense 652 Supplies expense 682 Postage expense 683 Property taxes expense 684 Repairs expense 688 Telephone expense 690 Utilities expense Totals References Debit Credit $ 7,000 25,000 8,000 9,000 45,000 $ 22,500 168,000 56,000 58,830 16,000 2,600 3,100 2,900 1,500 7,600 7,000 61,000 132,900 12,900 100,000 17,000 2,900 2,900 12,320 6,750 31,000 5,000 9,600 11,400 6,300 3,600 3,700 7,600 1,800 3.100 $435,900 $435,900 O.Tybalt invested $7,000 cash in the business during year 2019 (the December 31, 2018, credit balance of the O. Tybalt, Capital account was $125,900). Required: 1a. Prepare the income statement for the calendar year 2019 1b. Prepare the statement of owner's equity for the calendar year 2019 1c. Prepare the classified balance sheet at December 31, 2019 2. Prepare the necessary closing entries at December 31, 2019 3. Use the information in the financial statements to compute the following ratios: Help Save & Exit Submit Saved Chapter 4 Homework what are what are 4. what are Check my work Required: 1a. Prepare the income statement for the calendar year 2019 1b. Prepare the statement of owner's equity for the calendar year 2019, 1c. Prepare the classified balance sheet at December 31, 2019, 2. Prepare the necessary closing entries at December 31, 2019 3. Use the information in the financial statements to compute the following ratios: what are what are 3.75 points what are Complete this question by entering your answers in the tabs below. what are Required what are I Required 2A Required 10 Required 10 Required 2 what are li P Use the information in the financial statements to compute the following ratios: what are lig References what are lia (a) Return on assets total assets at December 31, 2018, was $200,000) Numerator 1 Denominator Return on total assets Net income Total assets - Return on total assets $ 20.630 1 (b) Debit ratio Numerator 1 Denominator Debt ratio Totalles Total Debt ratio 0 sharehold sum of lia www.invest Account (c) Proti margin ratio use total revenues as the denominator Numerator Denominator Profit margin Net Income Total revenues Profit margin O d) Current ratio Numerator Denominato Curatio Currents Current ratio www.freshbook How to Cal Jump to What is in your assots fire List Your Assets

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