General Journal tab - Prepare journal entries to record the transactions listed in (a) through (i). Review the accounts as shown in the General Ledger and Trial Balance tabs.

General Ledger tab - Each journal entry is posted automatically to the General Ledger.

Trial Balance tab - Your choice will determine the reported values on the financial statement tabs.

Balance Sheet tab - Use the drop-downs to select the accounts that should be properly included on the Balance Sheet.

Analysis tab - Compute the current ratio for the current year.

General Journal tab - Prepare journal entries to record the transactions listed in (a) through (i). Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab - Each journal entry is posted automatically to the General Ledger. Trial Balance tab - Your choice will determine the reported values on the financial statement tabs. Balance Sheet tab - Use the drop-downs to select the accounts that should be properly included on the Balance Sheet. Analysis tab - Compute the current ratio for the current year. P2-3 (Algo) Recording Transactions in T-Accounts, Preparing the Balance Sheet from a Trial Balance, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 (GL) Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $ 22,000 Accounts payable 2,200 Accrued liabilities payable 3,500 Notes payable (current) 28,000 Notes payable (noncurrent) 3,000 Common stock 46,000 Additional paid-in capital 103,000 Retained earnings 4,600 $13,000 2,400 5,500 44,000 9,600 86,400 51,400 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,000 cash. b. Lent $5,100 to a supplier who signed a two-year note. c. Purchased equipment that cost $21,000; paid $4,300 cash and signed a one-year note for the balance. a. Purchased short-term investments for $8,000 cash. b. Lent $5,100 to a supplier who signed a two-year note. c. Purchased equipment that cost $21,000; paid $4,300 cash and signed a one-year note for the balance. d. Hired a new president at the end of the year. The contract was for $87,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year. e. Issued an additional 1,500 shares of $0.50 par value common stock for $20,000 cash. f. Borrowed $15,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $1,400 cash. h. Built an addition to the factory for $26,000; paid $7,100 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,100