I never done this before please help!

* wany Trial Balance January 31, 2021 Account Title Credit $ Cash Merchandise inventory Store supplies Propaid insurance Store equipment Accumulated depreciation - Store equip. Accounts payable Common stock Retained earnings Total Debit 15.050 11,000 2,650 1,040 67,000 36,850 13.600 8,600 37,690 96,740 96,740 S Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,650. b. Expired insurance, an administrative expense, for the fiscal year is $1,760. c. Depreciation expense on store equipment, a selling expense, is $6,700 for the fiscal year, d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. General Journal Requirement General Ledger Multiple Step Single Step Is Balance Sheet Trial Balance Ratios IS Compute the following ratios as of January 31, 2021. Round each ratio to 2 decimal places. Dates: January 31 to: January 31 Current ratio Acid-test ratio Gross margin ratio nonno Shoot Roto Balance Sheet January 31, 2021 Assets $ 15,050 Current Assets Cash Merchandise inventory Store supplies Prepaid insurance ttt 11,000 2,650 1,040 0 $ 29,740 30,150 59,890 $ Total current assets Plant assets Store equipment 67,000 Accumulated depreciation - Store equip. (36,850) Store equipment, net + Total assets Liabilities and Equity Liabilities Accounts payable $ 13,600 0 Total liabilities Equity Common stock 8,600 Retained earnings 37,690 Total equity Total liabilities and equity $ 13,600 . 46,290 59,890 Sales $ 130,000 Sales discounts $ 3,900 Sales returns and allowances 4,100 122,000 39,700 82,300 Net sales Cost of goods sold Gross profit Operating expenses Selling expenses Salaries expense Rent expense Advertising expense 17,000 6,800 10,750 Total selling expenses General and administrative expenses 34,550 Total general and administrative expenses Total operating expenses 0 34,550 Wright Company Income Statement For Year Ended January 31, 2021 Revenues: + Net sales $ $ 122,000 $ 39,700 Expenses: Cost of goods sold Total selling expenses Total general and administrative expenses Total expenses Net income 34,550 0 74,250 47,750 $ CA Balance Sheet January 31, 2021 Assets $ Current Assets Cash Merchandise inventory Store supplies Prepaid insurance 15,050 11,000 2,650 1,040 0 $ 29,740 $ Total current assets Plant assets Store equipment Accumulated depreciation - Store equip. Store equipment, net Total assets Liabilities and Equity Liabilities Accounts payable 67,000 (36,850) + $ 30,150 890 $ $ 13,600 0 $ 13,600 Total liabilities Equity Common stock Retained earnings Total equity $ 8,600 27,500 36,100 Total liabilities and equity 49 70n Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $2,650. b. Expired insurance, an administrative expense, for the fiscal year is $1,760. c. Depreciation expense on store equipment, a selling expense, is $6,700 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available a fiscal year-end Ratios Requirement General General Multiple Step Journal Tral Balance Ledger Single Step Is Balance Sheet IS Compute the following ratios as of January 31, 2021. Round each ratio to 2 decimal places. Dates: January 31 Current ratio Acid-test ratio Gross margin ratio to: January 31