11 Exercise 13-8 (Algo) Analyzing effect of transactions on current ratio LO P3 its eBook On January 1, 5G Co. reported current assets of

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11 Exercise 13-8 (Algo) Analyzing effect of transactions on current ratio LO P3 its eBook On January 1, 5G Co. reported current assets of $187,200 and current liabilities of $156,000. Compute total current assets, total current liabilities, and the current ratio at January 1 and after each of the following transactions. (Round current ratio to two decimal places. Amounts to be deducted should be indicated with a minus sign.) pan. 5 Purchased equipment to be used in operations for $46,800 cash. Dan. 12 Paid $13,000 cash for accounts payable. Dan. 18 Acquired a building in exchange for a $257,400 long-term note payable, first payment to occur in 3 years. Dan. 22 Purchased $31,200 of merchandise on credit, teres n/45. ban. 31 Sold outdated machinery for $33,020 cash. Ask Date Print Jan 1 Jan. 5 Bal, Jan. 51 Jan. 12 ferences Bal Jan 12 Jan 18 Bal Jan 18 Jan 22 Bal, Jan 22 Jan 31 Bal, Jan 31 Current Assets Current Liabilities Current Ratio 4