please help me finish the general journal, the multiple step Income statement, the balance sheet, and the ratios. thank you in advance!

GL0503 (Algo) - Based on Problem 5-5A LO A1, P3, P4 The fiscal year-end unadjusted trial balance for Wright Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Wright Company uses a perpetual inventory system Descriptions of items that require adjusting entries on January 31, 2021, follow. a. Store supplies still available at fiscal year end amount to $2,650. b. Expired Insurance, an administrative expense, for the fiscal year is $1760. c. Depreciation expense on store equipment, a selling expense, is $6,700 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. nes Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step IS Balance Sheet Ratios For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction list View journal entry worksheet Per No Dato Account Title Debit Credit 1 Jan 31 Store supplies expense Store supplies 2 Jan 31 1,760 Insurance expense Prepaid insurance 1,760 3 Jan 31 6.700 Depreciation expense - Store equip Accumulated depreciation - Store equip 6,700 4 Jan 31 Cost of goods sold Merchandise inventory 5 Jan 31 Sales Income summary 6 Jan 31 Income summary Ront expente Advertsing expertise Accumulated depreciation - Store equip. 6,700 4 Jan 31 Cost of goods sold Merchandise inventory 5 Jan 31 Sales Income summary 6 Jan 31 Income summary Rent expense Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip. 7 Jan 31 Income summary J. Nelson, Capital Requirement General Ledger > Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Begin by selecting "Adjusted" from the drop-down below. Then, use the adjusted to income statement. Rent expense and salaries expense are equally divided be general and administrative activities. Adjusted Wright Company Income Statement For Year Ended January 31, 2021 + es $ 0 $ 0 0 Net sales 0 0 Gross profit 0 Prepare a classified balance sheet as of January 31, 2017. Adjusted Wright Company Balance Sheet January 31, 2021 Assets ook Current Assets int $ 0 encos 0 0 + 0 0 Plant assets 0 0 Total assets Liabilities and Equity Liabilities S O 0 Fruit Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 to: Jan 31 Current ratio Add test ratio Gross margin ratio Balance sheet GL0503 (Algo) - Based on Problem 5-5A LO A1, P3, P4 The fiscal year-end unadjusted trial balance for Wright Company is found on the trial balance tab. Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Wright Company uses a perpetual inventory system Descriptions of items that require adjusting entries on January 31, 2021, follow. a. Store supplies still available at fiscal year end amount to $2,650. b. Expired Insurance, an administrative expense, for the fiscal year is $1760. c. Depreciation expense on store equipment, a selling expense, is $6,700 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. nes Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step IS Balance Sheet Ratios For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction list View journal entry worksheet Per No Dato Account Title Debit Credit 1 Jan 31 Store supplies expense Store supplies 2 Jan 31 1,760 Insurance expense Prepaid insurance 1,760 3 Jan 31 6.700 Depreciation expense - Store equip Accumulated depreciation - Store equip 6,700 4 Jan 31 Cost of goods sold Merchandise inventory 5 Jan 31 Sales Income summary 6 Jan 31 Income summary Ront expente Advertsing expertise Accumulated depreciation - Store equip. 6,700 4 Jan 31 Cost of goods sold Merchandise inventory 5 Jan 31 Sales Income summary 6 Jan 31 Income summary Rent expense Advertising expense Store supplies expense Insurance expense Salaries expense Depreciation expense - Store equip. 7 Jan 31 Income summary J. Nelson, Capital Requirement General Ledger > Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Begin by selecting "Adjusted" from the drop-down below. Then, use the adjusted to income statement. Rent expense and salaries expense are equally divided be general and administrative activities. Adjusted Wright Company Income Statement For Year Ended January 31, 2021 + es $ 0 $ 0 0 Net sales 0 0 Gross profit 0 Prepare a classified balance sheet as of January 31, 2017. Adjusted Wright Company Balance Sheet January 31, 2021 Assets ook Current Assets int $ 0 encos 0 0 + 0 0 Plant assets 0 0 Total assets Liabilities and Equity Liabilities S O 0 Fruit Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step Is Balance Sheet Ratios Compute the following ratios as of January 31, 2020. Round each ratio to 2 decimal places. Dates: Jan 31 to: Jan 31 Current ratio Add test ratio Gross margin ratio Balance sheet