23. Using the following accounts and their balances, calculate the debt ratio for Crandell Furniture Repair as of December 31 (Click the icon to view Crandell Furniture Repair's accounts.) Total liabilities Total assets = Debt Ratio % 2-15 (book/static) the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions Provide an Explanation Transaction a. Debit Equipment and credit Cash. b. Debit Dividends and credit Cash. c. Debit Wages Payable and credit Cash. d. Debit Equipment and credit Common Stock. e. Debit Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. 9. Debit Cash and credit Service Revenue. Paid cash dividends to stockholders. Paid for advertising with cash Paid wages owed to employees, previously recorded Performed services and were paid by the customer Purchased equipment with cash Received cash from customer for work to be completed in the future Received equipment for the business in exchange for common stock 23. Using the following accounts and their balances, calculate the debt ratio for Crandell Furniture Repair as of December 31 (Click the icon to view Crandell Furniture Repair's accounts.) Total liabilities Total assets = Debt Ratio % 2-15 (book/static) the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions Provide an Explanation Transaction a. Debit Equipment and credit Cash. b. Debit Dividends and credit Cash. c. Debit Wages Payable and credit Cash. d. Debit Equipment and credit Common Stock. e. Debit Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. 9. Debit Cash and credit Service Revenue. Paid cash dividends to stockholders. Paid for advertising with cash Paid wages owed to employees, previously recorded Performed services and were paid by the customer Purchased equipment with cash Received cash from customer for work to be completed in the future Received equipment for the business in exchange for common stock