Entity F has current assets of $90,000 and current liabilities of $45,000. If the company receives a $5,000 payment from a customer on account, what will its current ratio be? (round to two places if necessary) O 2.00:1 O 1.90:1 O 2.13:1 O 2.11:1 QUESTION 18 Which accounts would not be closed at the end of the accounting period: O Dividends O Service revenue O Utilities expense O Accounts receivable QUESTION 19 On March 1, 2021, Entity J reported a normal balance in accounts payable of $9,000. During June, the company made cash payments of $4,000 to its creditors and purchased merchandise on account for $1,000. What is the accounts payable balance at the end of June? Hint: Prepare a T account. O $6,000 debit balance. O $12,000 credit balance O $6,000 credit balance O $12.000 debit balance. Entity D had the following information available: Accounts payable 110,000 Accounts receivable 80,000 Accumulated depreciation, buildings 40,000 Buildings 220,000 Cash 100,000 ". Common stock 240,000 Inventory 140, Land (underneath buildings) 310,000 Mortgage payable (due 2031) 180,000 Prepaid insurance 60,000 Salaries payable 20,000 Trademarks 180,000 Retained earnings (ending) 500,000 000 On the classified balance sheet, what is the amount for total current liabilities? O $1,050,000 O $380,000 O $310,000 O $130,000 QUESTION 21 At the beginning of the year, Entity K had a retained earnings balance of $450,000. During the year, the following occurred: Revenues $125,000 Expenses $145,000 Cash dividends to shareholders $14,000 Purchase of equipment (copier) $5,000 What is ending retained earnings? O $456,000 O $416,000 O $451,000 O $411,000