The trial balance as of July 31 2015 for Sharon
The trial balance as of July 31, 2015, for Sharon Silver, Registered Dietician, is ­presented below:


Requirements
1. Prepare the income statement for the month ended July 31, 2015.
2. Prepare the statement of retained earnings for the month ended July 31, 2015. The beginning balance of retained earnings was $ 0.
3. Prepare the balance sheet as of July 31, 2015.
4. Calculate the debt ratio as of July 31,2015.
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