Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash...
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Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash $7,000 Accounts Receivable 1,300 Prepaid Rent 800 Land 20.000 Equipment 6,000 Accumulated Depreciation 1,000 Accounts Payable 3.000 Salaries Pavable 900 ⒸA. 142 B. 213 C. 2.33 OD. 3.03 Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable-long term A. 1.42 OB. 213 OC. 2.33 OD: 3.03 $7,000 1,300 800 20,000 6,000 1,000 3,000 900 10.000 The balances of select accounts of Donovan, Inc. as of December 31, 2018 are given below. Debit Credit $100,000 Building Cash 5,000 Office Supplies 700 Furniture 3.000 Prepaid Insurance 500 Accumulated Depreciation-Furniture Land 35,000 Accumulated Depreciation-Ruilding A. $138.000 OB. $131,700 C. $100 000 D. $135.000 $2,000 4300 Vullumy Cash Office Supplies Furniture Prepaid Insurance 500 Accumulated Depreciation-Furniture $2.000 Land 35.000 Accumulated Depreciation-Building 4,300 Accounts Receivable 2.000 What amount of total long-term assets would be shown on the balance sheet at December 31, 2018? ⒸA. $138.000 B. $131.700 ⒸC. $100.000 OD. $135.000 Click to select your answer 100.000 5,000 700 3,000 Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash $7,000 Accounts Receivable 1,300 Prepaid Rent 800 Land 20.000 Equipment 6,000 Accumulated Depreciation 1,000 Accounts Payable 3.000 Salaries Pavable 900 ⒸA. 142 B. 213 C. 2.33 OD. 3.03 Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable-long term A. 1.42 OB. 213 OC. 2.33 OD: 3.03 $7,000 1,300 800 20,000 6,000 1,000 3,000 900 10.000 The balances of select accounts of Donovan, Inc. as of December 31, 2018 are given below. Debit Credit $100,000 Building Cash 5,000 Office Supplies 700 Furniture 3.000 Prepaid Insurance 500 Accumulated Depreciation-Furniture Land 35,000 Accumulated Depreciation-Ruilding A. $138.000 OB. $131,700 C. $100 000 D. $135.000 $2,000 4300 Vullumy Cash Office Supplies Furniture Prepaid Insurance 500 Accumulated Depreciation-Furniture $2.000 Land 35.000 Accumulated Depreciation-Building 4,300 Accounts Receivable 2.000 What amount of total long-term assets would be shown on the balance sheet at December 31, 2018? ⒸA. $138.000 B. $131.700 ⒸC. $100.000 OD. $135.000 Click to select your answer 100.000 5,000 700 3,000
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Curent assels Current liability 7000 Current ratio Current assets Cash Accoun... View the full answer
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian Edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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