Question: answer all the questions make table where required Recuined: 1. Set up appropriate Taccounts. All accounts begin with zero balances. 2. Record in the Taccounts


Recuined: 1. Set up appropriate Taccounts. All accounts begin with zero balances. 2. Record in the Taccounts the effects of each transaction for Alpine Stables in April, referencing each transaction in the accounts with the transaction letter. Show the ending balances in the Taccounts. 3. Prepare a statement of earnings for the year ended April 30,2023, as well as a classified statement of financial position as at April 30. 2023. 4. Write a short memo to the five owners, offering your opinion the results of operations during the first month of business. 5. After three years in business, you are being evaluated for a promotion to chicf financial officer One measure is how efficiently you managed the assets of the business. The following data are available: Alpine Stables Inc, was established on April 1. 2023. The company provides stables, care for animals, and grocinds for riding and showing borses. You have been hired as the new assistant controller. The following transactions for April 2023 are provided for your review. a. Received contributions from five investors of $60,000 in cash ($12,000 each ), a bara valued at $100,000, and land valued at $90,000. Each investor received 3,000 shares. b. Bailt a small barn for $62,000. The company paid half the amoeat in cash on April 1.2023 , and signed a three jear note payable for the balance. c. Provided animal care services to customets, all on credit, foris 35,260 . d. Rented stables to customers who cared for their own auimals, and received cash payment of $13,200. e. Received from a sustomer $2,400 to board her horse in April, May, and Jane (recond as deferied revenue). f Purchased hay and feed supplies on account for $3,150 to be used in the sammer. s. Paid $1,240 in cash for water utilities expense incurred in the month. h. Paid $2.700 on accounts payable for previous parchases. i Received $10,000 from ctistomers on accounts receivable. f. Paid $6.000 in wages to eaployees who worked during the month. *. Purchased a one year insurance policy for $3,600 at the ead of the monath 1. Received an electric utility bill for $1,800 for usaze in Aptil: the bill will be paid in May. wr. Paid $500 cash dividenid to esch of the investors at the end of the moath. Compute the total asset turnover ratio and the retum on assets for 2024 and 2025 and evaluate the results. Do you think you should be promoted? Why? Ignore interest on the long-term note related to transaction (b)
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