View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 ..... 17 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal Compute the current ratio and acid-test ratio for each of the following separate cases. GTO $ 110 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $ 2,000 50 350 2,600 200 $5,200 $2,000 470 2,420 500 $3,500 $1,000 Torino $1,000 580 700 4,230 900 $ 7,410 $3,800 Current Ratio Choose Denominator: Choose Numerator: Camaro GTO Torino Current Ratio Current ratio to 1 to 1 to 1 Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio to 1 to 1 Camaro GTO Torino