can someone help i cant get this and got sent the wrong awnsers
Injection Plastics Company has been operating for three years. At December 31, 2020, the accounting records reflected the following Cash Investments (short-ters) Accounts receivable Inventories Notes receivable (long-term) Equipment Factory building 527,500 3,300 4,300 30,500 2,300 54,589 96,500 Intangibles Accounts payable Accrued liabilities Short-term borrowings Notes payable (long-term) Contributed capital Retained earnings $4,300 10,300 3,300 8,300 54,500 103,000 37,800 During the year 2021, the following summarized transactions were completed a. Purchased equipment that cost $20,600; paid $7.300 cash and signed a one-year note for the balance b. Issued 3,300 additional shares for $19,800 cash c Lent $8,300 to a manager, who signed a two-year note d. Purchased short-term investments for $10,300 in cash. e. Paid $6,300 on the note in transaction (a). Borrowed $13,300 cash on December 31, 2021 , from the bank and signed a note, payable June 30, 2022 g. Purchased a patent (an intangible asset) for $4,300 cash. h. Built an addition to the factory for $28,900; paid $10,300 in cash and honed a three-year note for the balance. Hired a new president at the end of the year. The contract was for $91,500 per year plus options to purchase company shares at a set price based on company performance J. Retured defective equipment to the manufacturer, receiving a cash refund of $2.300 Required: 1 & 2. Post the T-accounts for each of the accounts on the statement of financial position and enter the balances at the end of 2020 as beginning balances for 2021. Beg bal Beg bal Cash 27.500 19,800 13.300 2.300 Investments (Short-term) 3,300 10.300 End, bal 13.600 End bal 62.900 Accounts Receivable Inventories Beg bal Beg bal End, bal End, bal + Notes Receivable (Long-term) 2.300 8.300 Equipment 54500 Beg, bal Beg bal End, bal 10,600 End bal 54500 Factory Building Intangibles Bog, bal Beg bal End, bal End bal Accounts Payable Accrued Liabilities Beg bat Beg bal End, bal End, hal Short-Term Borrowings Notes Payable (Long-term) Beg har Beg bal Short Term Borrowings Notes Payable Long-term) Beghal Beg End. Endal Contributed Capital Retained Earrings Beg tal Beg bal |End. bat End 3. This part of the question is not part of your connect assignment 4. Prepare a trial balance at December 31, 2021 Crete INJECTION PLASTICS COMPANY Trial Balance At December 31, 2021 Debit Cash investments (short-term) Accounts receivable inventores Notes receivable long term) Equipment Factory building Intangibles Accounts payable Accrued as Short-term borrowings Noles pays de long-term) Contributed capital Retained earnings Totais 5. Prepare a classified statement of financial position at December 31, 2021 INJECTION PLASTICS COMPANY Statement of Financial Position Ast December 31, 2021 Assets Liabilities Current assets Current liabilities Total Current liabilities Non-current Liabilities 0 Tot current assets Non-current assets Totallibilities 0 Shareholders' Equity Total shareholders' equity Total liabilities and shareholders equity O Total assets $ 6. Compute the current ratio at December 31, 2021. (Round the final answer to 2 decimal places.) -2-3 Recoraing transactions in T-Accounts, Preparing a Statement of Financial Position from a Trial Balance, and Evaluating the Current Ratio LO2-4, 2-6 Injection Plastics Company has been operating for three years. At December 31, 2020, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventories Notes receivable (long-tera) Equipment Factory building $27,500 Intangibles 3,300 Accounts payable 4,300 Accrued liabilities 30, 500 Short-term borrowings 2,300 Notes payable (long-term) 54,500 Contributed capital 96,500 Retained earnings 4,300 16,300 3,300 8,300 54,500 103,000 37,800 During the year 2021, the following summarized transactions were completed a. Purchased equipment that cost $20,600; paid $7,300 cash and signed a one-year note for the balance. b. Issued 3,300 additional shares for $19,800 cash. c Lent $8,300 to a manager, who signed a two-year note. d. Purchased short-term investments for $10,300 in cash. e. Paid $6,300 on the note in transaction (a). Borrowed $13,300 cash on December 31, 2021, from the bank and signed a note, payable June 30, 2022 9. Purchased a patent (an intangible asset) for $4,300 cash, h. Built an addition to the factory for $28,900; paid $10,300 in cash and signed a three-year note for the balance. Hired a new president at the end of the year. The contract was for $91,500 per year plus options to purchase company shares at a set price based on company performance. J. Returned defective equipment to the manufacturer, receiving a cash refund of $2,300. Required: 182. Post the T-accounts for each of the accounts on the statement of financial position and enter the balances at the end of 2020 as beginning balances for 2021. Beg. bal. Beg, bal Cash 27,500 19,800 13,300 2,300 Investments (Short-term) 3,300 10,300 End, bal 13,600 End, bal 62,900 Accounts Receivable Inventories Beg, bal Beg. bal End, bal. End. bal. Beg bal. Notes Receivable (Long-term) 2,300 8,300 Equipment 54,500 Beg bal End. bal 10,600 End. bal. 54,500 Factory Building Intangibles Beg. bal. Beg. bal. End. bal. End, bal Accounts Payable Accrued Liabilities Beg. bal Beg. bal End, bal End, bal Short-Term Borrowings Nates Payable (Long-term) Beg. bal. Beg. bal. End. bal. End, bal Contributed Capital Retained Earnings Beg. bal Beg. bal. End. bal. End, bal 3. This part of the question is not part of your Connect assignment 4. Prepare a trial balance at December 31, 2021 Credit INJECTION PLASTICS COMPANY Trial Balance At December 31, 2021 Debit Cash Investments (short-term) Accounts receivable Inventories Notes receivable (long-term) Equipment Factory building Intangibles Accounts payable Accrued liabilities Short-term borrowings Notes payable (long-term) Contributed capital Retained earnings Totals $ 0 $ 5. Prepare a classified statement of financial position at December 31, 2021 INJECTION PLASTICS COMPANY Statement of Financial Position As at December 31, 2021 Assets Liabilities Current assets Current liabilities: Total Current liabilities Non-current Liabilities Total current assets Non-current assets Total liabilities 0 Shareholders' Equity 0 Total shareholders' equity O Total liabilities and shareholders equity Total assets $ 0 6. Compute the current ratio at December 31, 2021. (Round the final answer to 2 decimal places.) Current ratio