Hawk Company records prepaid assets and unearned revenues in balance sheet accounts. The following information was used to prepare adjusting entries for the company as of August 31, the end of the company's fiscal year a. The company has earned $6,000 in service fees that were not yet recorded at period-end. b. The expired portion of prepaid insurance is $3,700. c. The company has earned $2,900 of its Unearned Service Fees account balance. d. Depreciation expense for office equipment is $3,300 e. Employees have earned but have not been paid salaries of $3,400 Prepare any necessary reversing entries in its accounting system. (If a transaction does not require a reversing entry, then choose 'Reversing entry not required entries for the accounting adjustments a through e assuming that the company uses reversing (If a transaction does not require a reversing entry, then choose Reversing entry not required) View transaction list Journal entry worksheet Record the reversing entry related to accrued service fees, if required. Journal entry worksheet Record the reversing entry related to accrued service fees, if required Note: Enter debits before credits. Transaction General Journal DebitCredit a. Record entry Clear entry View general journat 1 Compute the current ratio in each of the following companies. (Round your answers to 2 decimal places) Current Current As Edison MAXT Chatter TRU Gleeson $ 79,040 $ 32,000 76,000 04.880 45,080 85,680 49,000 81,600 100,000 61,000 2 Identity the company with the strongest liquidity postion. (These companies represent competitors in the same industry) O Edison O MAXT O Chatter O TRU O Gleeson