Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)
5th Edition
ISBN: 9780133851496
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 2.34AP
Preparing financial statements from the
The trial balance as of July 31, 2017, for Sandra Sousa, Registered Dietician, is presented below:
Requirements
- 1. Prepare the income statement for the month ended July 31, 2017.
- 2. Prepare the statement of
retained earnings for the month ended July 31, 2017. The beginning balance of retained earnings was $0. - 3. Prepare the
balance sheet as of July 31, 2017. - 4. Calculate the debt ratio as of July 31, 2017.
2. Ending Retained Earnings $5,890
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Chapter 2 Solutions
Horngren's Financial & Managerial Accounting, The Managerial Chapters, Student Value Edition (5th Edition)
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