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please solve The unadjusted trial balance as of July 31, 2025, for Shawna Sikes, Registered Dietician, is presented below: View the unadjusted trial balance. Read
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The unadjusted trial balance as of July 31, 2025, for Shawna Sikes, Registered Dietician, is presented below: View the unadjusted trial balance. Read the requirements. Requirement 1. Prepare the income statement for the month ended July 31, 2025. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Shawna Sikes, Registered Dietician Income Statement Month Ended July 31, 2025 Net IncomeRequirement 2. Prepare the statement of retained earnings for the month ended July 31, 2025. The beginning balance of retained earnings was $0. (Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Enter a "0" for any zero balances.) Shawna Sikes, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2025 Retained Earnings, July 1, 2025 Retained Earnings, July 31, 2025Requirement 3. Prepare the balance sheet as of July 31, 2025. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Shawna Sikes, Registered Dietician Balance Sheet July 31, 2025 Assets Liabilities Stockholders' EquityRequirement 4. Calculate the debt ratio as of July 31, 2025. Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.) Debt ratio %Unadjusted Trial Balance Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total X Requirements 1. Prepare the income statement for the month ended July 31, 2025. 2. Prepare the statement of retained earnings for the month ended July 31, 2025. The beginning balance of retained earnings was 50. 3. Prepare the balance sheet as of July 31, 2025. 4. Calculate the debt ratio as of July 31, 2025Step by Step Solution
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