The unadjusted trial balance as of July 31, 2025, for Jack Benito, Registered Dietician, is presented here: 

Requirements 

1. Prepare the income statement for the month ended July 31, 2025. 

2. Prepare the statement of retained earnings for the month ended July 31, 2025. The beginning balance of retained earnings was $0. 

3. Prepare the balance sheet as of July 31, 2025. 

4. Calculate the debt ratio as of July 31, 2025.

Transcribed Image Text:

JACK BENITO, REGISTERED DIETICIAN Unadjusted Trial Balance July 31, 2025 Account Title Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Utilities Expense Total Balance Debit $36,800 5,500 1,400 1,000 16,000 2,200 1,500 300 200 $ 64,900 Credit $ 3,700 2,500 30,000 21,700 7,000 $ 64,900