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please help im in exam On August 1, 2019. Cross Fitness entered its second year of operations. Cross Fitness provides high-performance group and personal training
please help im in exam
On August 1, 2019. Cross Fitness entered its second year of operations. Cross Fitness provides high-performance group and personal training courses that have been derived from scientific research and exercises used by professional athletes. On July 31,2020 , Jay Grey, the owner, finalized the company's records, which showed the following items. "Hint: The ending capital batance for one period is the beginning capital balance for the next period. There ivere no owner "Hint: The ending capital balance for one period is the beginning capital balance for the next period. There were no owi investments during the year ended July 31,2020 . Required: a. Prepare an income statement for the year ended July 31,2020 . b. Prepare statement of changes in equity for the year ended July 31,2020 . (Leave no cell blank, enter "o" where ever required.) c. Prepare balance sheet at July 31, 2020 . Analysis Component: Analyze the balance sheet and calculate what percentage of the assets at July 31,2020 , were financed by (a) debt and (b) equity. (Round your answers to 2 decimal places.) Step by Step Solution
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