Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

p The trial balance as of July 31, 2018, for Sally Simmons, Registered Dietician, is presented below (Click the icon to view the trial balance.)

p The trial balance as of July 31, 2018, for Sally Simmons, Registered Dietician, is presented below (Click the icon to view the trial balance.) Read the requirements Zo Requirement 1. Prepare the income statement for the month ended July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero) Sally Simmons, Registered Dietician Income Statement Month Ended July 31, 2018 The trial balance as of July 31, 2018, for Sally Simmons Registered Dietician, is presented below (Click the icon to view the trial balance) Read the requirements Net income Requirement 2. Prepare the statement of retained samings for the month ended July 31, 2018 The beginning balance of retained earings wan 30 (Enter any increases in retained eamings price to the subtotal and any decreases to retained earnings below the subtotal Entar a " for any zero balances) Sally Simmons, Registered Dietician The trial balance as of July 31, 2018, for Sally Simmons, Registered Dietician, is presented below (Click the icon to view the trial balance.) Read the requirements Sally Simmons, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2018 Retained Earnings, July 1, 2018 Retained Earnings, July 31, 2018 Requirement 3. Prepare the balance sheet as of July 31, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. (Click the icon to view the trial balance.) Read the requirements Retained Earnings, July 31, 2018 Requirement 3. Prepare the balance sheet as of July 31, 2018. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero) Sally Simmons, Registered Dietician Assets Balance Sheet July 31, 2018 Liabilities Read the requirements. pc Zo PI x-c Requirement 4. Calculate the debt ratio as of July 31, 2018. Select the debt ratio formula on the first line and then calculate the ratio. = Debt ratio Stockholders' Equity hr Zo PI Ex-C The trial balance as of July 31, 2018, for Sally Simmons, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the requirements. Requirement 4. Calculate the debt ratio as of July 31, 2018. Select the debt ratio formula on the first line and then calculate the ratio. Debt ratio Stockholders' Equity Cho Spo Zo The trial balance as of July 31, 2018, for Sally Simmons, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the requirements. P Requirement 4. Calculate the debt ratio as of July 31, 2018. -rex- Select the debt ratio formula on the first line and then calculate the ratio Debt ratio = % Data table Sally Simmons, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash $ 36,000 Accounts Receivable 8,800 Office Supplies 1,800 Prepaid Insurance 2,100 22,000 Equipment Accounts Payable S 3,500 5570 - X Data table Equipment 22,000 Accounts Payable $ 3,500 Unearned Revenue 5,678 Notes Payable 29,000 Common Stock 26,000 Dividends 2,100 Service Revenue 10,722 Salaries Expense 1,500 500 Rent Expense Utilities Expense Total 100 $ EA 74,900 $ 74,900 - X Registered Dietician is presented below Requirements 18 cu 1. Prepare the income statement for the month ended July 31, 2018 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018. Print Done -X

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions