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Posted on Sep 10, 2024

Trial Balance July 31, 2018 Account Title Balance Debit Credit 40,000 Cash $ Accounts Receivable 9,700 Office Supplies 1,000 Prepaid Insurance 2,700 18,000 1,600 Equipment

Trial Balance July 31, 2018 Account Title Balance Debit Credit 40,000 Cash $ Accounts Receivable 9,700 Office Supplies 1,000 Prepaid Insurance 2,700 18,000 1,600 Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock 4,384 34,000 23,000 Dividends 2.100 Service Revenue 12,966 1,200 Salaries Expense Rent Expense Utilities Expense 900 350 Total 75,950 $ 75,950 Print Done MacBook Air Requirements 1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018. Print Done th ended July 31, 2018. The beginning balance of retained earnings was $0. (Enter any increases continue to the next question The trial balance as of July 31, 2018, for Shawna Sikes, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the fuquicament 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 entera Shawna Sikes, Registered Dietician Income Statement Month Ended July 31, 2018 Net Income Requirement 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0 (Enter any increases in eamings below the subtotal. Enter a "O for any zero balances) Shawna Sikes, Registered Dietician Statement of Retained Earnings Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air Read the Movie Mens Requirement 2. Prepare the statement of retained oamings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. (Enter any in eamings below the subtotal. Enter a "O for any zero balances.) Shawna Sikes, 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 Shawna Sikes, Registered Dietician Balance Sheet July 31, 2018 Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Air Chck the icon to view the trial balance.) Read the requirements 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 Shawna Sikes, 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 ement Shawna Sikes, 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 MacBook Air