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Exercise 2-09 a-c These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $3,800 Salaries and wages expense
Exercise 2-09 a-c These financial statement items are for Oriole Company at year-end, July 31, 2022. Salaries and wages payable $3,800 Salaries and wages expense 58,600 Supplies expense 17,100 Equipment 17,940 Accounts payable 3,900 Service revenue 67,200 Rent revenue 10,000 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 33,660 Accounts receivable 11,000 Accumulated depreciation--equipment 7,200 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,200 Prepare an income statement for the year. Oriole Company did not issue any new stock during the year. (Enter negative amou number e.g. -45 or parentheses e.g. (45).) ORIOLE COMPANY Income Statement ORIOLE COMPANY Income Statement $ > $ Prepare a retained earnings statement for the year. Oriole Company did not issue any new stock during the ORIOLE COMPANY Retained Earnings Statement - Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) ORIOLE COMPANY Balance Sheet Study Assets $ CALCUL Llabilities and Stockholders' Equity S Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) Current ratio 1 Debt to assets ratio % Click if you would like to Show Work for this question: Open Show Work
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