hey everyone so i have done the first part so its easier im having difficulty with the remainder please help thank you
CC2-1 Accounting for the Establishment of a Business [LO1, LO2, LO3, LO4, LO5] Nicole has decided that she is going to start her business, Nicole's Getaway Spa (NGS). A lot has to be done when starting a new business. Here are some transactions that have occurred prior to April 30, 2017. a. Received $78,600 cash when issuing 7,860 new shares. b. Purchased some land by paying $1,800 cash and signing a note payable for $8,800 due in 2017. C. Hired a new esthetician for a salary of $350 a month, starting next month. d. Bought $1,000 in soaps and aromatherapy supplies for the spa on credit. . NGS purchased a company car for $17,850 cash (list price of $27,000) to assist in running errands for the business. f. Nicole sold 100 of her own personal shares to Raea Gooding for $900. g. Paid $290 of the amount owed in d. Required: 1. Prepare journal entries for each transaction. (If no entry Is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete and correct. No Transaction General Journal Debit Credit Cash O 78,600 Contributed capital 78,600 2 b Land 10,600 Cash 1,800 Notes payable 8,800 3 C. No journal entry required d. Soaps and aromatherapy supplies ,000 Accounts payable 1,000 5 Equipment 17,850 Cash 17,850 F. No journal entry required 7 g- Accounts payable 290 Cash 2902. Assuming that the beginning balances in each of the accounts are zero, complete T-accounts to summarize the transactions a-g. * Answer is not complete. Cash Soaps and Aromatherapy Supplies Beg. bal. Beg. bal. End. bal. End. bal. Land Beg. bal. Beg. bal. End. bal. End. bal. Note Payable Beg. bal. Beg. bal. End. bal. End. bal. Contributed Capital Beg. bal. End. bal.3. Prepare a classified balance sheet at April 30. 2017, using the information given in the transactions. Answer is not complete. NICOLE'S GETAWAY SPA Balance Sheet At April 30, 2017 Assets Current assets Total current assets Total assets S 0 Liabilities Current liabilities Total current liabilities 0 Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity S 4. Calculate the current ratio at April 30, 2017. (Round your answer to 1 decimal place.) Current ratio