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The trial balance as of July 31, 2018, for Sandra Sousa, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read

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The trial balance as of July 31, 2018, for Sandra Sousa, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the requirements Requirement 1. Prepare the income statement for the month ended July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sandra Sousa, Registered Dietician Income Statement Month Ended July 31, 2018 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Utilities Expense Total Expenses Net Income Requirement 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was 50. (Enter any increases in retained earnings prior to the subtotal Sandra Sousa, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2018 Retained Earnings, July 1, 2018 Retained Earnings, July 31, 2018 Requirement 3. Prepare the balance sheet as of July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sandra Sousa, Registered Dietician Balance Sheet July 31, 2018 Assets Liabilities Stockholders' Equity Requirement 4. Calculate the debt ratio as of July 31, 2018. Select the debt ratio formula on the first line and then calculate the ratio. Debt ratio % Choose from any list or enter any number in the input fields and then continue to the next question. Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash $ 30,000 Accounts Receivable 9,300 Office Supplies 2,100 Prepaid Insurance 2,800 Equipment 14,000 Accounts Payable $ 3,400 Unearned Revenue 5,774 Notes Payable 24,000 Common Stock 23,000 Dividends 2,400 Service Revenue 7,876 Salaries Expense 2,400 Rent Expense 900 150 Utilities Expense 64,050 $ 64,050 Total

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