4-11

need all three questions answered.

$249,500 Use the information in the adjusted trial balance reported in Exercise 4-11 to prepare Wilson Trucking Exercise 4-12 Company's classified balance sheet as of December 31. Preparing a classified balance sheet C3 Use the information in the adjusted trial balance reported in Exercise 4-11 to compute the current ratio as Exercise 4-13 of the balance sheet date (round the ratio to two decimals). Interpret the current ratio for the Wilson Computing the current Trucking Company. Assume that the industry average for the current ratio is 1.5. A1 1.78 Following are Nintendo's revenue and expense accounts for a recent March 31 fiscal year-end (yen in Exercise 4-14 millions). Prepare the company's closing entries for its revenues and its expenses. Preparing closing ents P2 Net sales W504,459 Advertising expense 46,636 Cost of sales 283,494 Other expense, net 157,811 Chapter 4 Completing the Accounting Cycle 153 az Company ume thee ial balance er 31 of the Account Title Credit Cash Accounts recebe Office Supplies Debit $ 1.000 17.500 3,000 172.000 Trucs... Accued deprecations Land Accounts payable $ 1.000 85,000 Long termes payable 12.000 4,000 53.000 175.000 20.000 Trucking feesamed Depreciation expenses 110.000 Orice suspense Repairs expense --Trucks 22.500 61.000 8.000 12.000 $410,000 5410.000