The following are a list of transactions for a new business from its first month of operations. June 1st $20,000.00 invested and deposited in the bank by G Smith. June 3rd Purchase a used truck for $7,000.00. June 7th Purchase two lawn mowers for $900.00. June 11th performed cleaning services for a customer at a cost of $1,500 the customer was billed and will pay 30 days later. On June 15th salary was paid to the employees in the amount of $2,000.00. You are to prepare the journal entry for each transaction, Draw and label the T Account for each transaction, be sure to show the balance at the bottom of each T Account. Finally prepare a trial balance that represents the balance in each account.

Below both problems goes hand and hand

Using the following accounts and balances taken from a year end balance sheet, compute working capital and the current ratio. Accounts payable $3,500, Accounts Receivable $5,000, cash $2,000, Marketable securities $1,000, Merchandise Inventory $6,000, Notes payable in three years $6,500, Owners Capital $24,000.00, Property, Plant and Equipment $80,000.00

Using the following information from a balance sheet and income statement, compute (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity ratio, (5) return on equity, (6) The previous years total assets were $200,000.00 and owners equity was $140,000.00. (round to the nearest decimal.