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The trial balance for the month is as followed: November 101 Cash 26,694.08 112 Accounts Receivable 2,800.00 115 Notes Receivable 118 Interest Receivable 120 Merchandise
The trial balance for the month is as followed:
November | ||
101 | Cash | 26,694.08 |
112 | Accounts Receivable | 2,800.00 |
115 | Notes Receivable | |
118 | Interest Receivable | |
120 | Merchandise Inventory | 3,600.00 |
123 | Prepaid Advertising | |
125 | Office Supplies | |
130 | Prepaid Insurance | |
140 | Land | 70,000.00 |
157 | Equipment | |
158 | Accumulated Depreciation - Equipmen | |
201 | Accounts Payable | (537.18) |
208 | Unearned Rent Revenue | |
213 | Salaries and Wages Payable | |
227 | Sales Taxes Payable | (288.75) |
230 | Interest Payable | |
252 | Dividends Payable | |
268 | Notes Payable | (55,000.00) |
311 | Common Stock | (40,000.00) |
320 | Retained Earnings | |
332 | Dividends | |
401 | Sales | (25,900.00) |
412 | Sales Returns & Allowances | |
414 | Sales Discounts | |
429 | Rent Revenue | |
505 | Cost of Goods Sold | 14,400.00 |
610 | Advertising Expense | |
628 | Store Wages Expense | 3,608.00 |
644 | Freight Out | |
711 | Depreciation Expense | |
718 | Interest Expense | |
722 | Insurance Expense | |
728 | Office Supplies Expense | |
729 | Rent Expense | 86.67 |
745 | Legal Services Expense | 537.18 |
813 | Gain on Sale of Land | |
820 | Interest Revenue | |
916 | Losses | |
0.00 |
COMPLETE THE BELOW: If not applicable, use N/A. Show the amounts being used for each calculation.
Current Assets | |
Acid-test Assets | |
Inventory | |
Total Assets | |
Current Liabilities | |
Long-term Debt | |
Total Liabilities | |
Stockholder's Equity | |
Net Sales | |
Net Income | |
Acid-test Ratio | |
Asset Turnover Ratio | |
Current Ratio | |
Days Sales in Inventory Ratio | |
Debt Ratio | |
Debt to Equity | |
Gross Profit Margin | |
Inventory Turnover Ratio | |
Return on Assets Ratio | |
Return on Equity Ratio |
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