Question: Required information Exercise 9-24 (Algo) Complete the accounting cycle using long-term liability transactions (LO9-2, 9-8) [The following information applies to the questions displayed below.] On

 Required information Exercise 9-24 (Algo) Complete the accounting cycle using long-term
liability transactions (LO9-2, 9-8) [The following information applies to the questions displayed
below.] On January 1, 2024, the general ledger of Freedom Fireworks includes

Required information Exercise 9-24 (Algo) Complete the accounting cycle using long-term liability transactions (LO9-2, 9-8) [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 1 Barrou $111,000 from Captive Credit corporation. The installment note bears interest at 64 annually and matures in 5 years. Payments of $2,146 are required at the end of each month for 60 nonths. January 4 Receive $32,100 fron custoners on accounts receivable. January 10 Pay cash on accounts payable, $22,000. January 15 Pay cash for sataries, $30,000. January 30 Firework sales for the nonth total $208,800. The cost of the units sold is $118,806. January 31 Pay the first nonthly instatlment of $2,146 related to the $111,600 borrowed on January 1 . Complete this question by entering your answers in the tabs below. Calculate the debt to equity ratio. Calculate the times interest earned ratio

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