0 1 2 3 1/31/2011 2200 11500 4800 2300 41900 15000 9000 5000 27000 2000 104000 1000 2000 37400 0 31000 0 14000 0 9900 160000 160000 1650 1500 1400 11100 63200 98750 2250 0 0 31 0 31 0 31 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7/31/2011 0 3065 3069 0 0 0 0 0 Student Name: Class: Ratios Unadjusted Trial Balance Cash Merchandise inventory General Journal Store supplies Prepaid insurance Store equipment Accounts payable Trans. Date Account Titles no. Debit Credit Adjusting Entries: Sales Store Supplies Expense Sales discounts Store Supplies Sales returns and allowances Insurance Expense Cost of goods sold Prepaid Insurance Depreciation Expense, Store Equipment Salaries expense Accumulated Depreciation, Store Equipment Insurance expense Cost of Goods Sold Rent expense Merchandise Inventory Store supplies expense Advertising expense Totals Store supplies on hand at year-end Expired insurance for year Depreciation expense for year Ending inventory Income Statement Net sales Insurance expense Store supplies expense Advertising expense Net income Current assets: Cash Merchandise inventory Store supplies Prepaid insurance Total current assets Current liabilities Current ratio Acid-test ratio Accumulated depreciation-Store equipment Depreciation expense-Store equipment Jan. 31 Gross profit Depreciation expense, Store equipment Gross margin Gross margin ratio Current ratio: Acid-test ratio: Gross margin ratio: Check figures: (2) Gross profit (3) Total expenses Net income Less: Sales discounts Sales returns and allowances Selling expenses Expenses: General and administrative expenses Sales salaries expense Rent expense-Selling space Total selling expenses Office salaries expense Rent expense-Office space Total general and administrative expenses Total expenses Expenses Quick assets: Cash REX COMPANY Additional…
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