Help Save & Exit PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] (General Ledger) Trisha Allen Interiors Incorporated is a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Trisha Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars) Accounts Payable Accounts Receivable Cash Common Stock Equipment Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Salaries and Mages Payable Software Required: $128 29 138 28 370 174 230 1 30 385 39 70 Assume that the following events occurred in the following quarter a. Paid $30 cash for additional inventory b. Issued additional shares of common stock for $10 in cash c. Purchased equipment for $200, paid $95 in cash and signed a note to pay the remaining $105 in two years d. Signed a short-term note to borrow $14 cash d. Signed a short-term note to borrow $14 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $36. Requirement General Journal General Ledger Trial Balance Balance Sheet Current Ratio Calculate the Current Ratio and analyze the impact of the current ratio. Calculate Trisha Allen's current ratio at June 30, 2019, jer to the transitions listed whoye Current Ratio Based on the above calculation and analysis of Noodlecake's current ratio 2.15 indicate which company is in a better posidon to pay labkities Trisha Allon Noodlecake Use your response on the Ballince Sheet tab to calculate Trisha Allen's current ratio after transactions listed in (a)-(0) Current ratio after transactions (a)-(e) Based on this calculation and the calculation in part 1, indicato whether the above transactions increase or decrease the company's ability to pay current liabilities Help Save Saved Calculate the Current Ratio and analyze the impact of the current ratio. Calculate Trisha Allen's coment ratio at June 30 2019, prior to the transactions listed above Current Ratio Based on the above calculation and analysis of Noodlecakes current rollo 2.15, indicafe which company is in a better position to pay Tabilities Trisha Allen Noodlecake Use your response on the Balance Sheet tab to calculate Trisha Allen's current ratio after transactions listed in (a)-(e), (Round your answer to 2 decimal place) Current ratio after transactions (a)-(e) Based on this calculation and the calculation in part 1. Indicate whether the above transactions increase or decrease the company's ability to pay current liabilities. Increase Decrease < Balance Sheet Current Ratio >