Question

the accounting cycle and classifying accounts 4-15A i need the help

ng current, quick, and debt to equility ratios LOZ divo Refer to Appendix 111 for Indigo's Consolidated Balance Sheet as at March A Calculating the countant and has assigned you the following tasks quick ratio, and debt to equity ratios for 2017 and 2018. Round your answer to Hur man be the current rate womal places ent on the ratios, the now to get a better she change between 2017 and 2018, and what additional information you would ter picture of Indigo's financial performance reversing, and subsequent cash entries LOB e for Lewis Fitness Centre as of December 31, 2020 13A Adjusting, re Nem sed trial balance Account Debit Credit $ 22,000 Accounts receivable Supplies Equipment 9.000 300.000 $ 30,000 48.000 100.000 116.500 60.000 Accumulated depreciation, equipment Interest payable Salaries payable Linearned membership revenue... Notes payable. Bev Lewis, capital Bev Lewis, withdrawals Membership revenue. Depreciation expense, equipment.... Salaries expense. Interest expense Supplies expense Totals 180.000 76,000 7.500 $474,500 $474,500 Information necessary to prepare adjusting entries is as follows: As of December 31, employees have earned $1,600 of unpaid and unrecorded wages. The next payday is January 8, and the total wages to be paid will be $2,400. b. The cost of supplies on hand at December 31 is $3,600. c. The note payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31 is $2,500, and the next payment is due on January 15. This payment will be $3,000. An analysis of the unearned membership revenue shows that $32,000 remains unearned at December 31. dition to the membership revenue included in the revenue account, the company has earned another revenue that will be collected on January 21. The company is also expected to collect $14,000 on the same day for new revenue during January. Depreciation expense for the year is $30,000. ek (1) identifies assignment material based on Appendix 4A.

Answer 1

ACCOUNTS	DEBIT	CREDIT
Cash
Accounts Receivable	24,000
Supplies	9,000
Equipment	300,000
Accumulated Depreciation, equipment		30,000
Interest payable		2,500
Salaries payable (a)		1,600
Unearned membership revenue (d)		32,000
Notes payable		100,000
Bev Lewis, capital		140,500
Bev Lewis, withdrawals	60,000
Membership revenue		204,000
Depreciation expense, equipment (f)	30,000
Salaries expense	77,600
Interest expense	10,000
Totals	510,600	510,600