Data Tablo The adjusted trial balance for the year of Nichos Corporation at May 31, 2018. follows (Click the icon to view the adjusted trial balance Read the requirements Nicholl Corporation Adjusted Trial Balance Requirement 1. Prepare Nicholl Corporation's 2018 single-step income statement statement of retained eamings, and balance sheet. May 31, 2018 Begin by preparing Nicholls 2018 Income Matement Account Debit Credit Cash 19.000 Requirements Accounts receivable 18.700 Supplies 2.500 Prepaid rent 1,300 35,000 1. Prepare Nicholl Corporation's 2018 single-step income statement statement of retained earrings, and balance sheet 2. Nicholenders require that the company maintain a doberation higher than 0.50 Calculate Nicholl's debt ratio at May 31, 2018, to determine whether the company is in compliance with this debt restriction not suggest a way Pat Nicholl could have avoided Equipment Accumulated depreciation Guipment Account sayti 5 4.500 3,000 this difficult situation Interest payable 1.000 Uneamed service 1.000 Print Done Income tax payable 2.200 Note payable 10.000 Common stock 18,000 Rated aming 2.000 Income before tax Cinde 1,000 Print Done Choose from any ist or enter any number in the Irput fields and then continue to the next Gestion Requirement 2 ctets lenders equire that the company maintain a debt rato na higher than 0.50. Calculate Nichols debt ratio at May 31, 2016. to determine whether the company is in compliance with this debt restriction. I not, suggest a could have vided Begin by selecting the labels and then enter the amounts to compute Nchis debitrato at May 31, 2018 Round your conto decimal places Deltrato Nicholsonders require that the company maintain a ditt vatno Nighthan 0.00 Nichot wits du restriction at May 31, 2018 Data Tablo The adjusted trial balance for the year of Nichos Corporation at May 31, 2018. follows (Click the icon to view the adjusted trial balance Read the requirements Nicholl Corporation Adjusted Trial Balance Requirement 1. Prepare Nicholl Corporation's 2018 single-step income statement statement of retained eamings, and balance sheet. May 31, 2018 Begin by preparing Nicholls 2018 Income Matement Account Debit Credit Cash 19.000 Requirements Accounts receivable 18.700 Supplies 2.500 Prepaid rent 1,300 35,000 1. Prepare Nicholl Corporation's 2018 single-step income statement statement of retained earrings, and balance sheet 2. Nicholenders require that the company maintain a doberation higher than 0.50 Calculate Nicholl's debt ratio at May 31, 2018, to determine whether the company is in compliance with this debt restriction not suggest a way Pat Nicholl could have avoided Equipment Accumulated depreciation Guipment Account sayti 5 4.500 3,000 this difficult situation Interest payable 1.000 Uneamed service 1.000 Print Done Income tax payable 2.200 Note payable 10.000 Common stock 18,000 Rated aming 2.000 Income before tax Cinde 1,000 Print Done Choose from any ist or enter any number in the Irput fields and then continue to the next Gestion Requirement 2 ctets lenders equire that the company maintain a debt rato na higher than 0.50. Calculate Nichols debt ratio at May 31, 2016. to determine whether the company is in compliance with this debt restriction. I not, suggest a could have vided Begin by selecting the labels and then enter the amounts to compute Nchis debitrato at May 31, 2018 Round your conto decimal places Deltrato Nicholsonders require that the company maintain a ditt vatno Nighthan 0.00 Nichot wits du restriction at May 31, 2018
