Question: Help please. group 9 s o our X X i s 5 0 . i need help solving all 1 0 requirements. Requirement n o
Help please. group our i need help solving all requirements. Requirement :
Prepare the journal entries for the above transaction recorded during the last quarter the year.
The following account names and account numbers may used record the Journal entries. Requirement :
Post the journal entries from part the ledger accounts and enter the balance after each posting.
Hint: Make all the ledger accounts mentioned Requirement a statement form. Also, you need
write down the opening balances any from the balance sheet provided September
for all the assets and liabilities accounts. Make only the ledgers with tick sign. Requirement :
Prepare a trial balance the last date the quarter ending December Requirement :
The following adjustments are required the last date the quarter ending December Requirement :
Prepare adjusted trial balance the last date the quarter ending December Requirement :
Prepare the following financial statements for the quarter ended December
Statement profit and loss Statement for the quarter ended December
Statement changes equity for the quarter ended December
iii. Statement financial position Sheet December Requirement :
Write down the closing entries for the quarter ending December Requirement :
Consider the income statement and the balance sheet prepared requirement You need
express the income statement data for the quarter the quarter ending December
commonsize percentages and express the balance sheet data trend percentages with the
balance sheet the quarter ending September the base year. percents
two decimals. Requirement :
Calculate the following ratios:
Current ratio
Acidtest ratio
iii. Working capital
Day sales receivables
Accounts receivable turnover ratio
Debtequity ratio
vii. Times interest earned
viii. Net profit margin
Return total assets. Requirement :
You need comment the above ratios respect :
Profitability
Liquidity
iii. Solvency
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