Required information

P$2-3($Algo$)$ Recording Transactions in T$-$Accounts, Preparing the Balance Sheet from a Trial Balance, and Evaluating the Current Ratio LO$2-2,2-4,2-5$

$[$The following information applies to the questions displayed below.$]$

Jaguar Plastics Company has been operating for three years. At December $31$ of last year, the accounting records reflected the following:

$\backslash$table$[[,$$$21,000,$Accounts payable,$$19,000$