Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance as of July 31, 2024, for Sara Simon, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read

The trial balance as of July 31, 2024, for Sara Simon, 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, 2024. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Sara Simon, Registered Dietician Revenues. Service Revenue Expenses Salaries Expense Rent Expense Utilities Expense Net Income Income Statement Month Ended July 31, 2024 Total Expenses help $ 1,700 1,100 500 $ 17,888 $ 3,300 14,588 Clear all Check answer lete:
image text in transcribed
image text in transcribed
image text in transcribed
The trial balance as of July 31,2024, for Sara Simon, Registered Dietician, is presented below: (Click the icon to view the trial balance) Read the Requirement 1. Prepare the income statement for the month ended July 31, 2024. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Requirements 1. Prepare the income statement for the month ended July 31,2024 2. Prepare the statement of retained earnings for the month ended July 31, 2024. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2024 4. Calculate the debt ratio as of July 31,2024 . Sara Simon, Registered Dietician Trial Balance July 31, 2024 Balance Account Title Cash Debit $ Credit 38,000 9,000 2, 300 2, 400 16,000 Equipment $ Accounts Payable Unearned Revenue Notes Payable Common Stock 18,000 Dividends 2,800 Service Revenue 17,888 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions