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The unachusted trial bslance of The Rock industries Lld, at May 31, 2020, appears in the soluton stop below The ad,ustment dota at May 31,2020,18 provided. (.) (Click the ficon to view the month-end adjustment data.) Requirement 1. Uting the worktheot, prepare the adusted trial balance of The Rock industries Lid at May 31, 2020. The unadjussed baiances have been entered for you: Key esch achusting entry by letter. Calculate the ad,usted balanoe of each accound, and then botol the deblt and credit columns in the adjusted tral bolance. fLeave unused ceils blank. Round your answere to the neareat whele number.) The unadjusted trial balance of The Rock industries Ltd, at May 31, 2020, appears in the solution step below. The adj (i. (Click the icon to view the month-end adjustment date.) Ask my instructor Requirements 1. Using the worksheet, prepare the adjusted trial balance of The Rock Industries Ltd. at May 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet. 3. a. Compare the business's net income for May to the amount of dividends paid to the owners. Suppose this trend continues into June. What will be the effect on the business's financial position, as shown by its accounting equation? b. Will the trend make it easier or more difficult for The Rock Industries to borrow money if the business gets in a bind and needs cash? Why? c. Does either the current ratio or the cash position suggest the need for immediate borrowing? Explain. The unadusted trial balance of The Rock Industries Ltid. at May 31, 2020, appeans in the solution stop below, The adustinant data at May 31, 2020 (i) (Click the icon to vlow the month-end adjustment data.) Requirements Ask my instructor The unachusted trial bslance of The Rock industries Lld, at May 31, 2020, appears in the soluton stop below The ad,ustment dota at May 31,2020,18 provided. (.) (Click the ficon to view the month-end adjustment data.) Requirement 1. Uting the worktheot, prepare the adusted trial balance of The Rock industries Lid at May 31, 2020. The unadjussed baiances have been entered for you: Key esch achusting entry by letter. Calculate the ad,usted balanoe of each accound, and then botol the deblt and credit columns in the adjusted tral bolance. fLeave unused ceils blank. Round your answere to the neareat whele number.) The unadjusted trial balance of The Rock industries Ltd, at May 31, 2020, appears in the solution step below. The adj (i. (Click the icon to view the month-end adjustment date.) Ask my instructor Requirements 1. Using the worksheet, prepare the adjusted trial balance of The Rock Industries Ltd. at May 31, 2020. The unadjusted balances have been entered for you. Key each adjusting entry by letter. 2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet. 3. a. Compare the business's net income for May to the amount of dividends paid to the owners. Suppose this trend continues into June. What will be the effect on the business's financial position, as shown by its accounting equation? b. Will the trend make it easier or more difficult for The Rock Industries to borrow money if the business gets in a bind and needs cash? Why? c. Does either the current ratio or the cash position suggest the need for immediate borrowing? Explain. The unadusted trial balance of The Rock Industries Ltid. at May 31, 2020, appeans in the solution stop below, The adustinant data at May 31, 2020 (i) (Click the icon to vlow the month-end adjustment data.) Requirements Ask my instructor