Question: Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies

Question 2 These financial statement items are for Splish Brothers Inc.

at year-end, July 31, 2017. Salaries and wages payable Salaries and wages

expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable

(due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation

expense Retained earnings (beginning of the year) $ 3,880 58,500 17,500 20,300

4,100 67,100 10,400 3,100 16,000 31,100 11,080 7,900 4,000 5,900 35,900 Prepare

Question 2 These financial statement items are for Splish Brothers Inc. at year-end, July 31, 2017. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2020) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense Retained earnings (beginning of the year) $ 3,880 58,500 17,500 20,300 4,100 67,100 10,400 3,100 16,000 31,100 11,080 7,900 4,000 5,900 35,900 Prepare an income statement for the year. Splish Brothers Inc. did not issue any new stock during the year. Splish Brothers Inc. Income Statement Prepare a retained earnings statement for the year. Splish Brothers Inc. did not issue any new stock during the year. Splish Brothers Inc. Retained Earnings Statement Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.) Splish Brothers Inc. Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2. 1 Current ratio Debt to assets ratio Click if you would like to Show Work for this question: 0 Open Show Work

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