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Dawn Dashes Co. offers security services to business clients. The following are the ADJUSTED account balances as of March 31, 2019. Accounts Payable Accounts Receivable
Dawn Dashes Co. offers security services to business clients. The following are the ADJUSTED account balances as of March 31, 2019. Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Utilities Expense Cash Owner Capital Depreciation Expense - Building Depreciation Expense - Equipment Owner Withdrawals Equipment Insurance Expense 15,000 12,000 2,500 4,700 4.400 75,000 2,500 2,500 3,000 25,000 3,600 Advertising Expense Building Accumulated Depreciation - Building Prepaid Rent Expense Unearned Service Revenue Salary Expense Salary Payable Service Revenue Office Supplies Supplies Expense Rent Expense 1,200 50,000 2,500 4,000 4,000 75,000 3,000 115,000 2,700 2,400 24,000 Requirements: 1. Prepare Dawn Dashes Co.'s Income Statement. 2. Prepare Dawn Dashes Co.'s Statement of Owner's Equity. 3. Prepare Dawn Dashes Co.'s Classified Balance Sheet 4. Calculate Dawn Dashes Co.'s Current Ratio: 5. Calculate Dawn Dashes Co.'s Return on Assets
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