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Luxury Pet Goods Accounting Cycle Pro Luxury Pet Goods Post-Closing Trial Balance December 31, 2018 Credit Debit Financial Ratios From the financial statements complete the
Luxury Pet Goods Accounting Cycle Pro Luxury Pet Goods Post-Closing Trial Balance December 31, 2018 Credit Debit Financial Ratios From the financial statements complete the following ratios a. Return on Assets (ROA) assume beginning assets of $758.400 b. Debt Ratio c. Profit Margin d. Current Ratio Cash Accounts receivable Inventory Supplies Prepaid insurance Land Building Equipment Accumulated depreciation Account payable Interest payable Wages payable Income taxes payable Unearned revenue Note payable (due Oct 1 2020) Capital Withdrawals Sales revenue Cost of goods sold Wages expense Advertising expense Supplies expense Rent expense Insurance expense Utilities expense Depreciation expense Interest expense Income tax expense Totals Lucy Pet Goods Accounting Cycle Project Luxury Pet Goods Trial Balance December 31, 2018 Adjustments Debit Credit Credit Adjusted Trial Balance Debit Credit LOOD 3000 S2000 Stod 21100 71760 4000 10200 Unadjusted Trial Balance Cash Debit Accounts receivable 304100 Inventory Supplies 135900 Prepaid insurance -17200 Land - 12000 Building Congo Equipment 3Thngo Accumulated depreciation 115.000 Account payable 80500 Interest payable 71100 Wages payable ncome taxes payable Jnearned revenue 16,500 Vote payable (due Oct 1 2020) 200.000 Capital 430.100 Withdrawals 35.000 Sales revenue 10 875.00 Cost of goods sold 7104.00 Vages expense 126 500 advertising expense 7000 upplies expense ent expense 12000 surance expense 3000 Silities expense 5900 epreciation expense 0 erest expense 0 come tax expense 0 otals 1868200 1888300 Coo 36150 Sodo 2.2000 420100 | 35000 11500 0.000 lo200 716400 196700 7000 DO 1202 2009 7000 215.00 4000 36150 103350 21500 4000 36150 Tanco 1 in 60150
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