I need help with 11-1A

urrent Liabilities and Payroll a. Determine the quick ratio for both companies. Round to one decimal place. b. Interpret the quick ratio difference between the two companies. s: Series A PR 11-1A Liability transactions The following items were selected from among the transactions completed by O'Doni Co. during the current year: Jan. 10. Purchased merchandise on account from Laine Co., $240,000, terms n/30 Feb. 9. Issued a 30-day, 4% note for $240,000 to Laine Co., on account. Mar. 11. Paid Laine Co. the amount owed on the note of February 9 May 1, Borrowed $160,000 from Tabata Bank, issuing a 45-day, 5% note. June 1. Purchased tools by issuing a $180,000, 60-day note to Gibala Co., which discounted the note at the rate of 5% 15. Paid Tabata Bank the interest due on the note of May 1 and renewed the loan by issuing a new 45-day, 7% note for $160,000. (Journalize both the debit and credit to the notes payable account.) July 30. Paid Tabata Bank the amount due on the note of June 15. 30. Paid Gibala Co. the amount due on the note of June 1. Dec: 1. Purchased office equipment from Warick Co. for $400,000, paying $100,000 a issuing a series of ten 5% notes for $30,000 each, coming due at 30-day interva January. O'Donnel accrued the loss in a litigation claims payable account. December 1 15. Settled a product liability lawsuit with a customer for $260,000, payable in 31. Paid the amount due Warick Co. on the first note in the series issued on Instructions 1. Journalize the transactions. 2. Journalize the adjusti ng entry for each of the following accrued expenses at th e end c the current year: a. Product warranty cost, $23,000. b. Interest on the nine remaining notes o wed to Warick Co OBJ. PR 11-2A Entries for payroll and payroll taxes (b) Dr. Payroll xpense, $60,675 e following information about the payroll for the week ended December 30 was obtai from the records of Pharrell Co Salaries: $135,975 Sales salarles Warehouse salaries Office salaries 402,000 Income tax withheld 210,000 Social security tax withheld 165,000 Medicare tax withheld General Ledger 11,655 Retirement savings Group insurance 000 Tax rates assumed Social security, 696 Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only, 06%