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Jones Company had the following adjusted account balances as of December 31, 2013. These accounts are presented in random order. At the beginning of the

Jones Company had the following adjusted account balances as of December 31, 2013. These accounts are presented in random order. At the beginning of the year, Jones Capital balance was $81,000. (16.5 points)

DR CR
Equipment 26,000
Accounts Payable 31,600
Revenue 110,000
Cash 42,500
Accumulated Depreciation 12,000
Long term notes payable 22,000
Accounts Receivable 31,800
Land 48,000
Wage Expense 42,000
Depreciation Expense 6,000
Wages Payable 6,200
Withdrawals 48,300
Advertising Expense 18,200

Compute net income for the year

Determine Jones Capital balance as of December 31, 2013

What is the total of current assets as of December 31, 2013

What is the total of plant assets as of December 31, 2013

What is the total of current liabilities as of December 31, 2013

Calculate the current ratio as of December 31 2013

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