Based on the information below

1. Is the company operating profitably (what percent of revenues result in profitet income)?
2. How well poised are they to meet liabilities (discuss liquidity and current ratio)?
3. What is my cash and liabilities amounts?

	A Company
	General Journal Entries
Date	Accounts	Debit	Credit
1-Mar	Cash	125,000.00
	Notes Payable		125,000.00
	Business Licence Expense	250.00
	Cash		250.00
2-Mar	Rent expense	950.00
	Prepaid Rent	950.00
	Cash		1,900.00
5-Mar	Cash	15,000.00
	Office Funiture	2,750.00
	Owner's capital		17,750.00
6-Mar	Cash	650.00
	Service Revenue		650.00
8-Mar	Advertising Expense	500.00
	Accounts Payable		500.00
10-Mar	Accounts Receivable	1,725.00
	Service Revenue		1,725.00
15-Mar	Insurance Expense	750.00
	Cash		750.00
20-Mar	Utilities Expense	135.00
	Accounts Payable		135.00
20-Mar	Maintenance Expense	95.00
	Cash		95.00
22-Mar	Draw	500.00
	Cash		500.00
25-Mar	Office Supplies	215.00
	Cash		215.00
25-Mar	Cash	350.00
	Service Revenue		350.00
30-Mar	Accounts Payable	500.00
	Cash		500.00
31-Mar	Wage Expense	275.00
	Wage Payable		275.00
31-Mar	Accounts Receivable	3,500.00
	Service Revenue		3,500.00
31-Mar	Depreciation Expense	45.83
	Accumulated Depreciation		45.83
	Total	154,140.83	154,140.83

Trial Balance As of 03/31/20XX A Company Income Statement For Month ending 3/31/20XX Revenues \begin{tabular}{|l|lr|} \hline & $ & 6,225.00 \\ \hline Total Revenues & & \\ \hline \end{tabular} \begin{tabular}{|l|rr|} \hline Operating Expenses: \\ Adverstising & $ & 500.00 \\ \hline License & $ & 250.00 \\ \hline Salary & $ & 275.00 \\ \hline Utilities & $ & 135.00 \\ \hline Maintenance & $ & 95.00 \\ \hline Depreciation & $ & 45.83 \\ \hline Rent & $ & 950.00 \\ \hline Insurance & $ & 750.00 \\ \hline & & \\ \hline Total Operating Expenses: & & 3,000.83 \\ \hline & 3,224.17 \\ \hline Net Income & & \end{tabular} Company Name Statement of Owner's Equity Period Ending 03/31/20XX A Company Balance Sheet As of March 31,20XX Assets Current Assets: \begin{tabular}{|l|r|} \hline & 138515 \\ \hline & 3500 \\ \hline Prepaid Rent & 950.00 \\ \hline Office Supplies & 215.00 \\ \hline & \\ \hline Total Current Assets & 143,180.00 \\ \hline \end{tabular} Non-Current Assets: \begin{tabular}{|l|r|} \hline Office Furniture & 2,750.00 \\ \hline Accumulated Depreciation & (45.83) \\ \hline Total Non Current/Fixed Assets & 2,704.17 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Assets: & 145,884.17 \\ \hline \end{tabular} Liabilities and Owners' Equity Current Liabilities: \begin{tabular}{|l|r|} \hline Accounts Payable & 135.00 \\ \hline Wages Payable & 275.00 \\ \hline Total Current Liabilities & 410.00 \\ \hline Long Term Liabilities: & \\ \hline Notes Payable & 125,000.00 \\ \hline Total Long Term Liabilities: & 125,000.00 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Liabilities: & 125,410.00 \\ \hline \end{tabular} Owner's Equity \begin{tabular}{|l|r|} \hline Owners capital & 20,474.17 \\ \hline & \\ \hline Total Equity & 20,474.17 \\ \hline & \\ \hline Total Liabilities \& Equity & 145,884.17 \\ \hline \end{tabular} A Company Closing Entries Month ending 03/31/20XX