The adjusted trial balance of Carmen OConnor Dance Studio Company follows: (Click the loon to view the adjusted trial balance) Rand the surements CE Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company August 31, 2018. Use the report form. You must compute the ending bence of Retained Emming Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and finally the stockholders' equity section Canan O'Connor Dance Studio Company Balance Sheet August 31, 2018 Assets Lee Liabilities Choose from any list or enter any number in the input fields and then continue to the next question 0 Time Theated trance of Carmen Can Dance Studio Company foliowe MF Clothe icon to view the sted til) Read the Lab Stockholders' Equity Requirements Compte Connors nutrition August 31, 2016. One year, the current ratio was 116. Indice whether on ty to pay current provedor de Belthen enter the amounts wd come current rutiound your www to two decades) Guriai Choose from any det or enter any number in the input field and then continue to the next gestion Time Remaining:01:33:40 MacBook Air There of Carmen Gonnor Dance Studio Company flow The other ha) Read the Stockholders' Requirement 2. Compute Connor's current ratio ad August 31, 2018. One year ago, the current ratio was 16. Indicale whether O'Connor's billy to pay current debts has proved, tod, remind the same Select the labels the enter the amounts and computeren (Round your the decimal places) Current Since the crowa 156 one year ago, the company's ability to pay is current has Choose from any or antarany number in the input fields and then continue to the next to Carmen O'Connor Dance Studio Company Trial Balance August 31, 2018 Balance Debit Credit Account Title Cash $ 14,500 2,200 1,100 57,000 $ 5,400 4,600 Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends 1,000 4,000 4,800 17,000 29,800 1,000 Service Revenue 17,400 Dalam Em 4.50 Print Done - X Data Table 2,200 1,100 57,000 $ Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) 5,400 4,600 1,000 4,000 4,800 Common Stock 17,000 Retained Earnings 29,800 Dividends 1,000 Service Revenue 17,400 4,500 1,800 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense 500 400 1,000 Utilities Expense $ 84,000 $ 84,000 Total Print Done The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare the classified balance sheet of Carmen O'Connor Dance Studio Company at Begin by preparing the asset section of the balance sheet, then prepare the liabilities section and final Carmen O'Connor Dance Studio Company Balance Sheet August 31, 2018 Assets Current Assets: Cash 14,500 Office Supplies 2,200 Prepaid Rent 1,100 Total Current Assets 17,800 Total Property, Plant, and Equipment Equipment 57,000 Less: Accur lated De tion-Equipment 5,400 Total Liabilities 51,600 Total Assets 69,400 Liabilities Current Liabilities: Choose from any list or enter any number in the input fields and then continue to the next que The adjusted trial balance of Carmen O'Connor Dance Studio Company follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Total Liabilities 57,600 Total Assets 69,400 Llabilities Current Liabilities: Accounts Payable Salaries Payable 4,600 1,000 Unearned Revenue 4,000 Total Current Liabilities 9,600 Long-Term Liabilities: 4,800 Notes Payable (long-term) Total Liabilities Stockholders' Equity Common Stock 14,400 17,000 29,800 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Requirement 2. Compute O'Connor's current ratio at August 31, 2018. One year ago, the curren Select the labels then enter the amounts and compute the current ratio. (Round your answer to t Choose from any list or enter any number in the input fields and then continue to the next The web Carmen Connor Dare Company lowed Header CE Account Pay 2800 1.000 Urad Revenu 4.000 Tourant 3.000 Longlom Payable for larm ho 14400 Stockhol'Equy Como Sock 17.000 Red Large 2010 Tol'Egly and Story Requirement 2. Compte Comer's current August 31, 2018. One year ago. The current i was 16 dicute water OCarnor's will payment provided Select the bother the mounts and compute the corre Round you to decimale) Current Since the umiwas one year ago, the company's ability to pay the current de Chemtrente any number in the input fields and then continue to the next