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Complete a classified balance sheet on the tab marked balance sheet. (Please complete in an excel spreadsheet set up similar to this one) 2 Calculate
Complete a classified balance sheet on the tab marked balance sheet.
(Please complete in an excel spreadsheet set up similar to this one)
2 Calculate the ending balance in Retaineed Earnings Dollar Amount Percent Ratios (Show your work in your Excel formula) 6 Current ratio 8 J-E-L-L-O Enterprises 9 Balance Sheet 10 As of November 30, 2018 Quick Ratio Number of days in inventory Accounts receivable collection period Debt-to-Equity ratio 12 13 14 15 16 17 18 19 20 21 23 24 25 26 27 28 29 30 31 32 34 35 36 JE-L-L-0 Enterprises Prepaid Accumulated Accounts Interest Bond Common Retained SalesCost of Operating Depreciation Rent Interest Trans. CashReceivable Rent Equipment DepreciationPayable Payable Payable Stock Earnings Revenue Goods Sold Expense Expense Expense Expense Dividends Beg. B200,000 8,000 50,000 175,000 6,300 76,200 500 200,000 125,000 25,000 (a) (100,000) (500) (100,000) (500) 30,000 30,000 (d) (36,000) 36,000 50,000) 50,000 100,000 100,000 (76,500 )(31,000) h) (30,000 (i)(10,000 6,500) 31000 30,000 10,000 (1,000) 1,000 ,000 3,000 End Bal 69,000 31,50030,000 35,000 175,000 6,600 75,200 3,000 100,000 125,000 25,000 100,000 50,000 30,000 300 1,000 3,000 10,000 TOTALS Assets 5,700 333,900 Liabilities Equity Net Income Total 178,200 150,000 5,700 333,900 AutoSave OFF Home Insert Page Layout Formulas Data Review View Cut Copy Format Calibri (Body) 11 A-A Paste B IU G14 1 J-E-L-L-O Enterprises Income Statement For the month ended November 30, 2018 100,000 (50,000) 50,000 4 evenue 5 ess Cost of Goods Sold 6 ross Profit 7 penses 8 Operating Expense 9 Depreciation Expense 10 Rent Expense 11 Interest Expense 12 otal Expenses 13 et Income 14 15 16 17 18 19 20 30,000 300 1,000 3,000 34,300 15,700Step by Step Solution
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