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 owner’s equity for the month ended July 31, 2025. The beginning balance of Benito, Capital was \($0\) and the owner contributed \($21,700\) during the month.
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 Balance Account Title Cash Debit Credit $ 36,800 Accounts Receivable Supplies 5,500 1,400 Prepaid Insurance 1,000 Equipment 16,000 Accounts Payable Unearned Revenue $ 3,700 2,500 Notes Payable 30,000 Benito, Capital 21,700 Benito, Withdrawals 2,200 Service Revenue 7,000 Salaries Expense 1,500 Rent Expense 300 Utilities Expense Total 200 $ 64,900 $ 64,900