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Can someone help me with the problem 4-13B?!? Question 1 to 6 1,300 13A, 700 2,016 Utility expense.... Wages Wages balance. Assume accounts have a
Can someone help me with the problem 4-13B?!? Question 1 to 6
1,300 13A, 700 2,016 Utility expense.... Wages Wages balance. "Assume accounts have a normal all Required balance as it would appear on the July 31, 2017, balance sheet 1. Calculate the capital decimal place, 2 Prepare a classified balance sheet. ratio (round to two 3 calculate the current ratio and the debt to equity cycle LO2,3,4,5,6 Problem 4-13B Performing the steps in the accounting balan s CHECK FIGURES: 4. Profit s5140: Total assets $604,000; 6. Post-closing trial Co mese On July 1, 2017, Amy Young created a new self storage business called Young during the company's first month: July 1 Young invested $40,000 cash and land and buildings worth $320,000 and $240,000, r 2 Rented equipment by paying $3.600 rent for the first month. 5 Purchased $4.600 of office supplies for cash. effective today. 10 Paid $10,800 for the premium on a one-year insurance policy 14 Paid an employee $1.800 for two weeks' salary. 24 collected s17.600 of storage revenue from customers. 28 Paid another $1,800 for two weeks salary. paid the month's $600 phone bill. 30 Repaired leaking roof for $1.700 on account. 31 Young withdrew $3.200 cash from the business for personal use. The company's chart of accounts included these accounts: 101 302 Amy Young, withdrawals 106 Accounts Receivable 401 Storage Revenue 124 Office Supplies 606 Depreciation Expense. 128 Prepaid insurance 622 Salaries Expense 170 Land 637 Insurance Expense 173 Buildings 640 Equipment Rental Expense 174 Accumulated Depreciation, Buildings 650 Office Supplies Expense 201 Accounts Payable 20 salaries Payable 684 Repairs Expense 301 Amy Young, Capital 688 Telephone Expense 901 Income Summary 300 Step by Step Solution
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