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a. Prepare the journal entry for each transaction. b. Create T-accounts with beginning balances. Post each journal entry to the appropriate Taccount.Create new accounts as
a. Prepare the journal entry for each transaction.
b. Create T-accounts with beginning balances. Post each journal entry to the appropriate Taccount.Create new accounts as necessary.
c. Prepare comparative balance sheets at December 31, 2015 and January 31, 2016 in goodform.
d. Calculate the current ratio at December 31, 2015 and January 31, 2016. Assuming thatHennepin has a target ratio of 1.0, has the ratio improved or deteriorated? Explain why?
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