> Exercises Completing the Acco E4-16 Preparing the financial statements The adjusted trial balance for Green Advertising Services is presented below: Learning GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018 2. Ending Car Account Title Cash Accounts Receivable Office Supplies Land Building Accumulated Depreciation-Building Furniture Accumulated Depreciation-Furniture Accounts Payable Salaries Payable Unearned Revenue Green, Capital Green, Withdrawals Service Revenue Salaries Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Furniture Advertising Expense Total Balance Debit Credit $ 14,000 15,800 6,500 18,400 47,900 $36,100 19,600 14,100 10,600 7.200 16,000 61,400 18,300 49,800 28,600 8,400 2,900 1,300 13,500 $ 195,200 $ 195.200 n r 31 2018 A Deprecatel the current ratio any follows: Accounts Recall Building Nors Peable (doe in 10 years) 14-18 Preparing a classified balance sheet and calculating the curre E4-18 Preparing a classified balance The adjusted trial balance of Melanie O'Mallic Dance Studio Company foll ning Objectives to tot A 562.600 MELANIE OMALLIE DANCE STUDIO COMPANY Tria Balance August 31, 2018 Balance Debit Credit $ 16,000 1,800 Account Title 1,500 49,000 Office Supplies Prepaid Rent Equipment Accumulated Depreciation--Equipment Accounts Payable Salaries Payable Uncanned Revenue Notes Payable long-term) 55,700 4,800 100 5,000 5,400 37,000 1,100 18,100 O'Mallie, Capital O'Mallie, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 3,600 1,100 400 500 Total 1,100 $ 76,100 $ 76,100 Requirements 1. Prepare the classified balance sheet of Melanie O'Mallic Dance Studio Company at August 31, 2018. Use the report form. You must compute the ending balance of O'Mallic, Capital 2. Compute O'Mallie's current ratio at August 31, 2018. One year ago, the cur- Tent ratio was 1.76. Indicate whether O'Mallic's ability to pay current debts has improved, deteriorated, or remained the same