Jason Hilton, M.D., reported the following trial balance as of September 30, 2016: Calculate the debt ratio
Question:
Jason Hilton, M.D., reported the following trial balance as of September 30, 2016:
Calculate the debt ratio for Jason Hilton, M.D.
The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Accounts Payable; Advertising Payable; Unearned Revenue; Notes Payable;
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JASON HILTON, M.D Trial Balance September 30, 2016 Balance Account Title Cash Accounts Receivable Office Supplies Office Equipment Building Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Utilities Expense Advertising Expense Total Debit Credit $ 37,000 7,200 2,600 22,000 85,000 24,000 $1,800 700 18,290 77,000 100,000 50,000 54,810 23,100 900 800 S252,600 252,600
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Liabilities Accounts Payable 1800 Utilities Payable 700 Unearned ...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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