Current Attempt in Progress

The president of Sandhill Enterprises asks if you could indicate the impact certain transactions have on the following ratios.

Complete the table, indicating whether each transaction will increase, decrease, or have no effect on the specific ratios provided for Sandhill Enterprises.

Transaction

Current Ratio

Accounts Receivable Tur $(2$:$1)(10$X$)$

Received $$6,200$ on cash sale. The cost of the goods sold was $$3,224$

Recorded bad debt expense of $$620$ using allowance method.

Wrote off a $$124$ account receivable as uncollectible $($Uses allowance method.$)$

$$

Recorded $$3,100$ sales on account. The cost of the goods sold was $$1,860.$