Watton Anvils Workshet \begin{tabular}{|l||} \hline Current Ratio = Total Current Assets / Total Current Liabilities \\ \hline Total Current Assets \\ \hline Total Current Liabilities \\ \hline \\ \hline \end{tabular} Below is the unadjusted trial balance for Walton Anvils as of December 31,2016 , and the data for the adjustments. There is also an Excel Template for this problem that you may download and use (or you may use your own). 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using the following naming protocol: LastnameFirstnameAssessment Waiton Anvils Adjusted Trial Balance December 31, 2016 Waiton Anvils Post-Closing Trial Balance December 31, 2016 EE 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the class balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance. Watton Anvils Workshet \begin{tabular}{|l||} \hline Current Ratio = Total Current Assets / Total Current Liabilities \\ \hline Total Current Assets \\ \hline Total Current Liabilities \\ \hline \\ \hline \end{tabular} Below is the unadjusted trial balance for Walton Anvils as of December 31,2016 , and the data for the adjustments. There is also an Excel Template for this problem that you may download and use (or you may use your own). 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance. 8. Calculate the current ratio for the company. You may save and use the following EXCEL TEMPLATE or create your own. Upload your Excel workbook using the following naming protocol: LastnameFirstnameAssessment Waiton Anvils Adjusted Trial Balance December 31, 2016 Waiton Anvils Post-Closing Trial Balance December 31, 2016 EE 1. Open T-accounts using the balances in the unadjusted trial balance. 2. Complete the worksheet for the year ended December 31, 2016. 3. Prepare the adjusting entries and post to the T-accounts. 4. Prepare the adjusted trial balance. 5. Prepare the income statement, the statement of retained earnings, and the class balance sheet in report form. 6. Prepare the closing entries and post to the T-accounts. 7. Prepare a post-closing trial balance