ANSWER PART A AND B Here are the account balances after the T Accounts have been prepared. 1. Cash 33,000 2. Accounts Receivable 9,500 3. Office Supplies1,500 4. Prepaid Insurance 2,000 5. Equipment 15,000 6. Accounts Payable 3,300 7.Unearned Revenue 2,810 8.Notes Payable 25,000 9. Common Stock 24,000 10. Dividends 2,600 11. Service Revenue 11,840 12. Salaries Expense 2,300 13. Rent Expense 800 14. Utilities Expense 250

Part A- First, Prepare the Trial Balance Part B-Complete the requirements below 1-4 Requirements 1. Prepare the income statement for the month ended July 31, 2017. 2. Prepare the statement of retained earnings for the month ended July 31, 2017. 3. Prepare the balance sheet as of July 31,2017 4. Calculate the debt ratio as of July 31,2017

The beginning balance of retained earnings was $0 and the owner contributed 3. Prepare the balance sheet as of July 31, 2017. 4. Calculate the debt ratio as of July 31, 2017.