The unadjusted trial balance as of July 31, 2025, for Kristin Carrillo, Registered Dietician, is presented here:
Question:
The unadjusted trial balance as of July 31, 2025, for Kristin Carrillo, 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.
KRISTIN CARRILLO, 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 $36,200 9,100 1,800 2,000 13,000 2,300 1,700 1,500 150 $ 67,750 Credit $ 3,300 1,500 30,000 23,150 9,800 $ 67,750
Step by Step Answer:
To fulfill your requirements lets prepare the income statement statement of retained earnings balanc...View the full answer
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780137858651
8th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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