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NC Use the information below for the MAX& ARIEL Company to prepare the companys financial statements for the year ended 12-31-18. Use good form! PLEASE COMPLETE THE HEADINGs: S4,000 500 4,500 1,500 6,000 1,000 1,500 10,500 3,500 45,000 (2,000) S3,500 34,000 Marketable Securities Land Advertising expense Cash Accounts payable Machinery Service Revenue Prepaid insurance Common (capital) Stock Salaries expense Accumulated depreciation Treasury Stock Unearned revenue Insurance expense Retained earnings 1-1-18 Supplies on hand Dividends Taxes payable Rent expense Accounts Receivable Depreciation expense Mortgage payable Allowance for Bad Debts 400 29,000 9,500 120,000 20,000 3,000 123,000 600 (10,000) INCOME STATEMENT
BALANCE SHEET Using the relevant information above, compute the following (SHOW ALL CALCULATIONS CLEARLY!): CURRENT RATIO: NET ASSETS:
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