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 9so our XXis50. i need help solving all 10 requirements. Requirement no1:
Prepare the journal entries for the above transaction recorded during the last quarter of the year.
The following account names and account numbers may be used to record the Journal entries. Requirement no2:
Post the journal entries from part 1to the ledger accounts and enter the balance after each posting.
Hint: Make all the ledger accounts mentioned in Requirement 1in a statement form. Also, you need
to write down the opening balances (if any) from the balance sheet provided on September 30th
,
2023 for all the assets and liabilities accounts. Make only the ledgers with tick sign. Requirement no3:
Prepare a trial balance on the last date of the quarter ending on December 31st,2023. Requirement no.4:
The following adjustments are required at the last date of the quarter ending on December 31st2023. Requirement no.5:
Prepare an adjusted trial balance on the last date of the quarter ending on December 31st,2023. Requirement no.6:
Prepare the following financial statements for the quarter ended on December 31st,2023.
i. Statement of profit and loss (Income Statement) for the quarter ended on December 31st,2023
ii. Statement of changes in equity for the quarter ended on December 31st,2023
iii. Statement of financial position (Balance Sheet)asof December 31st,2023. Requirement no.7:
Write down the closing entries for the quarter ending on December 31st,2023. Requirement no.8:
Consider the income statement and the balance sheet prepared in requirement 6, You need to
express the income statement data for the 4th quarter (for the quarter ending on December 31st)in
common-size percentages and express the balance sheet data in trend percentages with the
balance sheet of the 3rd quarter ending on September 30th,2023as the base year. (Round percents
to two decimals.). Requirement no.9:
Calculate the following ratios:
i. Current ratio
ii. Acid-test ratio
iii. Working capital
iv. Days sales in receivables
v. Accounts receivable turnover ratio
vi. Debt-to-equity ratio
vii. Times interest earned
viii. Net profit margin
ix. Return on total assets. Requirement 10:
You need to comment on the above ratios in respect of:
i. Profitability
ii. Liquidity
iii. Solvency
Help please. group 9 s o our X X i s 5 0 . i need

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