Transaction Working Capital Current Ratio Quick Ratio a. Sold temporary investments for cash at no gain or loss, $50,000. $ 50,000 x 50,000 x 50,000 X b. Pald accounts payable, $40,000. C. Purchased goods on account, $75,000. d. Paid notes payable, $30,000. e. Declared a cash dividend, $15,000. 1 f. Declared a stock dividend on common stock, $24,000. 1 g. Borrowed cash from bank on a long-term note, $150,000. h. Received cash on account, $72,000. I. Issued additional shares of stock for cash, $300,000. j. Paid cash for prepaid expenses, $10,000. Transaction Working Capital Current Ratio Quick Ratio a. Sold temporary investments for cash at no gain or loss, $50,000. $ 50,000 x 50,000 x 50,000 X b. Pald accounts payable, $40,000. C. Purchased goods on account, $75,000. d. Paid notes payable, $30,000. e. Declared a cash dividend, $15,000. 1 f. Declared a stock dividend on common stock, $24,000. 1 g. Borrowed cash from bank on a long-term note, $150,000. h. Received cash on account, $72,000. I. Issued additional shares of stock for cash, $300,000. j. Paid cash for prepaid expenses, $10,000