Urgent Help Needed!!!!!

6. Write a memo to Dave/owner from the accountant's perspective. This memo should address the company for the first quarter and: o Explain the personal liability of the owner as a sole proprietorship; how can this be addressed o Include 2 positive comments (what is Dave doing well: these could be something Dave does or from a financial perspective, i.e. current ratio, profitability, products...) Include 2 "things to improve on" o Memo must be a minimum of 150 words Trial Balance As of March 31, 2020 Mar 31, 20 Debit Credit Services, Checking 16,750.11 Petty Cash 200.00 Accounts Receivable 2,280.10 Inventory Asset 5,327.80 Lawn and Landscaping Equipment 4,500.00 Leasehold Improvements 850.00 Office Equipment 787.50 Truck 18,200.00 Security Deposit 1,000.00 Accounts Payable 4,700.00 Credit Card Payable 120.00 Sales Tax Payable 38.10 Capital 48,200.00 Draw 1,648.01 Sales Revenue:Mulch Sales 1,472.00 Service Revenue:Landscaping Services 770.00 *Cost of Goods Sold:Mulch Costs 1,232.00 Purchase Discounts 131.20 Auto and Truck Expenses 195.00 Bank Service Charges 45.00 Miscellaneous Expense 20.00 Office Supplies 642.60 Rent Expense 750.00 Small Tools and Equipment 923.18 Telephone Expense 80.00 TOTAL 55,431.30 55,431.30 Clr Balance 27,393.67 Reconciliation Detail Checking, Period Ending 03/31/2020 Type Date Num Name Amount Beginning Balance Cleared Transactions Checks and Payments - 4 items Check 03/03/2020 1007 John Smith -1,750.00 Check 03/13/2020 1008 Credit Card Services -712.51 Bill Pmt -Check 03/15/2020 1009 JS Garden Supply -6,428.60 Check 03/31/2020 -15.00 Total Checks and Payments -8,906.11 Total Cleared Transactions -8,906.11 Cleared Balance -8,906.11 Uncleared Transactions Checks and Payments - 3 items Check 02/25/2020 1004 Office City -387.45 Bill Pmt -Check 03/15/2020 1010 Tom George Carp... -850.00 Check 03/31/2020 1011 Harshal Choudhari -500.00 Total Checks and Payments -1,737.45 Total Uncleared Transactions -1,737.45 Register Balance as of 03/31/2020 -10,643.56 Ending Balance -10,643.56 -1,750.00 -2,462.51 -8,891.11 -8,906.11 -8,906.11 -8,906.11 18,487.56 -387.45 -1,237.45 -1,737.45 -1,737.45 -1,737.45 16,750.11 16,750.11