Exercise $17-12($Algo$)$ Analyzing effect of transactions on current ratio LO P$3$

On January $1,5$G Company reported current assets of $$180,000$ and current liabilities of $$150,000.$ Compute total current assets, total current liabilities, and the current ratio at January $1$ and after each of the following transactions.

Note: Round current ratio to two decimal places. Amounts to be deducted should be indicated with a minus sign.

January $5$ Purchased equipment to be used in operations for $$45,000$ cash.

January $12$ Paid $$12,500$ cash for accounts payable.

January $18$ Acquired a building in exchange for a $$247,500$ long$-$term note payable, first payment to occur in $3$ years.

January $22$ Purchased $$30,000$ of merchandise on credit, terms $\frac{n}{45}.$

January $31$ Sold outdated machinery for $$31,750$ cash.

$\backslash$table$[[$Date$,$Current Assets,Current Liabilities,Current Ratio$],[$January $1],[$January $5],[$Balance$,$ January $5,0,0,],[$January $12],[$Balance$,$ January $12,0,0,],[$January $18],[$Balance$,$ January $18,0,0,],[$January $22],[$Balance$,$ January $22,0,0,],[$January $31],[$Balance$,$ January $31,0,0,]]$