Ran lomework: Week Two: Chapter 4: Exercises core: 0 of 1 pt 5 of 8 (4 complete) 4-17 (similar to) The adjusted trial balance of Mike O'Daniel Dance Studio Company follows: Click the icon to view the adjusted trial balance.) Requirements 1. Prepare the classified balance sheet of Mike O'Daniel Dance Studio Company at August 31, 2016. Use the report form. You must compute the ending balance of Daniel, Capital 2. Compute O'Daniel's current ratio at August 31, 2016. One year ago, the current ratio was 1.34. Indicate whether O'Daniel's ability to pay current debts has improved, deteriorated, or remained the same. Mike O'Daniel Dance Studio Company Balance Sheet August 31, 2016 Assets Less: Choose from any list or enter any number in the input fields and then click Check Answer 4 Parts Clear All remaining MacBook Pro 5 of 8 (4 complete) Data Table - X Mike O'Daniel Dance Studio Company Trial Balance d. August 31, 2016 Balance Account Title Debit Credit Cash $ 13,600 2,500 1,300 60,000 5,900 4,700 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) O'Daniel, Capital O'Daniel, Withdrawals Service Revenue 500 4,300 5,800 47,000 800 17,200 Salariee Fynence 2100 lid Print Done 4: Exercises 5 of 8 (4 complete) Data Table wwwww 2,500 1,300 60,000 paniel, Capit deteriorate 5,900 4,700 500 4,300 Office Supplies Prepaid Rent Equipment Accumulated Depreciation --Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) O'Daniel, Capital O'Daniel, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation expense-Equipment Supplies Expense Utilities Expense 5,800 47,000 800 17,200 3,100 1,500 200 1,000 1,400 85,400 $ 85,400 Total clic Print Done MacBook Pro