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i need them as soon as possible please Question No. 2 The following is a list of all accounts and balances for the Jasper Corporation
i need them as soon as possible please
Question No. 2 The following is a list of all accounts and balances for the Jasper Corporation immediately prior to closing the books on December 31, 2011. Cash Accounts receivable Supplies Accounts payable Common stock Retained earnings Dividends Service revenue Rent expense Salaries expense Utilities expense Supplies expense 2,000 13.000 1,000 2.000 10,000 3.400 4,000 24.000 6,000 10,000 2.000 1,400 Required: Prepare a trial balance in proper form for the Jasper Corporation dated December 31, 2011. Question No. 3 The following account balances are for Davis Company on December 31, 2011, after adjusting entries had been posted to the accounts: Account Balances Cash 32.000 Accounts receivable 74.000 Prepaid insurance 3.000 Land 25.000 Accounts payable 39,500 Uneared service revenue 9,000 Common stock 30,000 Retained earnings 11.100 Service revenue 195,000 Salaries expense 108,500 Maintenance expense 12.000 Rent expense 18.000 Utilities expense 3.100 Insurance expense 9,000 Required: Based on this information, prepare a trial balance for Davis Company. Are the debits equal the credits? Question No. 4 Gaylord Company's accounts and their balances as of December 31, 2011 are listed in alphabetical order below. The account balances do include the effects of the company's year-end adjusting entries. Account Titles Balances Accounts payable 14.800 Accounts receivable 32.500 Cash 21.500 Common stock 37.500 Insurance expense 6.200 Land 30.000 Maintenance expense 3.750 Prepaid expense 3.050 Rent expense 12.600 Retained earnings 25.500 Salaries expense 72.000 Service revenue 103.500 Uneamed service revenue 4.500 Utilities expense 4.200 Required: a) Prepare the adjusted trial balance for Gaylord Company as of December 31, 2011, b) Prepare Gaylord's 2011 income stat--sement and balance sheet. 5 of 6 Record the general journal entries for the following transactions for Stern Corporation for 2011. 1) Performed services for $16,000 cash 2) Purchased $900 of office supplies on account. 3) Purchased land for $85,000 cash, 4) Paid salary expense of $14,500 5) Collected $15,000 in advance for services to be provided over the next 12 months 6 of 6 Question No. 6 At the end of 2011, the following information is available for Oikom Company and Per Company Statement Dute Osbon Rex Total Assets $1,000,000 Total Lisbilities 600.000 Owners' Equity 00.000 300,000 Net Income 0.000 Required: 1) For each company, calculate the debt to assets ratio and the return on equity ratio For each company calculate the return on asetti 3) Which company had a greater level of debt risk? Why? 4 What is financial leverage? Which company is using financial leverage more successfully Step by Step Solution
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