The adjusted trial balance of Shida July 31, 2020, follows Click the icon to view the adjusted trial balance) Requirements 1 Prepare Smith Lads 2000 income statementalement of retained earnings and balance sheet List expenses (except for income tax) in decreasing order on the income statement and show totales on the balance 2. Smith Land's lenders require that the company maintain a debt ratione higher than 0.50. ComputeSeth Metta July 31, 2020, to determine whether the company is in compliance with this detersion suggest a way that Smith could have avoided this difficultation Requirement 1. Prepare Smith Lid 2020 income statement met of retained comings and balance sheet ses except for income tax) in decreasing order on the income statement and show totalities on the balance sheet Begin by preparing Shad's 2020 income statement (Use parentheses or a sig for a netloss) Revenue 5 of 7 (4 complete) Compute the missing amount in the accounting equation for each company (amounts in million) Assets Liabilities Shareholders' Equity Auto Parts and Tires $2 $ 7852 $ 9,625 Strawberry Bank 262229 2 13.450 DJ Video Rentals 3200 > Calculate the missing amounts Assets Liabilities $ 7,852 Auto Parts and Tires Strawberry Bank DJ Video Rentals Shareholders' equity $ 9,625 S 13.450 $ 262 229 3.200 S 1.833 The adjusted trial balance of Shida July 31, 2020, follows Click the icon to view the adjusted trial balance) Requirements 1 Prepare Smith Lads 2000 income statementalement of retained earnings and balance sheet List expenses (except for income tax) in decreasing order on the income statement and show totales on the balance 2. Smith Land's lenders require that the company maintain a debt ratione higher than 0.50. ComputeSeth Metta July 31, 2020, to determine whether the company is in compliance with this detersion suggest a way that Smith could have avoided this difficultation Requirement 1. Prepare Smith Lid 2020 income statement met of retained comings and balance sheet ses except for income tax) in decreasing order on the income statement and show totalities on the balance sheet Begin by preparing Shad's 2020 income statement (Use parentheses or a sig for a netloss) Revenue 5 of 7 (4 complete) Compute the missing amount in the accounting equation for each company (amounts in million) Assets Liabilities Shareholders' Equity Auto Parts and Tires $2 $ 7852 $ 9,625 Strawberry Bank 262229 2 13.450 DJ Video Rentals 3200 > Calculate the missing amounts Assets Liabilities $ 7,852 Auto Parts and Tires Strawberry Bank DJ Video Rentals Shareholders' equity $ 9,625 S 13.450 $ 262 229 3.200 S 1.833
