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An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2023, is
An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2023, is shown below: Accounts payable Account Accumulated depreciation, building Accumulated depreciation, furniture Advertising expense Building Cash Adjusted Account Balance" $ 9,900 25,800 4,300 17,000 599,000 17,800 Depreciation expense, building 25,800 Depreciation expense, furniture 4,300 Furniture 44,400 Interest expense 10,340 Interest payable 820 Janitorial expense 41,800 Land 118,000 Long-term notes payable 370,000 Notes receivable, due 2026 151,000 office salaries expense i 130,625 office supplies 780 office supplies expense 6,900 Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense 3,800 480 406,400 16,800 3,025 37,520 Wyett North, capital 434,900 Activate Wind Long-term notes payable Notes receivable, due 2026 office salaries expense office supplies office supplies expense Brand name Prepaid advertising Rent revenue Rent receivable Salaries payable Utilities expense Wyett North, capital Wyett North, withdrawals "Assume all accounts have a normal balance. Required: 118, 370,000 151,000 130,625 780 6,900 3,800 480 406,400 16,800 3,025 37,520 434,900 28,800 1. Calculate the capital balance as it would appear on the March 31, 2023, balance sheet. Wyett North, capital 2. Prepare a classified balance sheet. Assume that $219,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2024. Also, $59,000 of the notes receivable will be collected by March 31, 2024. NORTH COUNTRY RENTALS Balance Sheet March 31, 2023 Current assets Total current assets Long-term investments: Property, plant and equipment Assets Activate Window Building Furniture Total property, plant and equipment Intangible assets: Total assets Current liabilities Total current liabilities Long-term liabilities Total liabilitie Liabilities Drow Next Activate Wine Total current liabilities Long-term liabilities: Total liabilities Total liabilities and equity Equity 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.) Current Ratio Total liabilities and equity Equity 3. Calculate the current ratio and the debt to equity ratio. (Round the final answers to 2 decimal places.) Current Ratio Debt to Equity Ratio
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