On the Big Kahuna Ltd.'s December 31 unadjusted trial balance, there is no liability recorded for unpaid wages. The employees are owed $2,800 in wages as at that date. The required adjusting journal entry is: Select one: a. DR wages expense 2,800 / CR cash 2,800 b. DR wages expense 2,800/CR wages payable 2,800 C. DR wages payable $2,800/CR wages expense $2,800 d. DR wages payable 2,800 / CR cash 2,800 8907587: current ratio Lake Company reported the following amounts in their most recent financial statements: Accounts payable Accounts receivable Bank loan payable (due in five years) Cash Inventory $1,500 $ 2,500 $12,000 $ 3,000 $ 4,000 Notes payable (due within one year) $ 2,900 Prepaid insurance $ 500 Insurance expense $ 1,200 $ 800 Wages payable Current Ratio = Required: current assets current liabilities 1) Calculate Lake Company's Current Assets. Do not include Dollar Signs ($), Commas (,), or Brackets. Eg. 25000 10000 2) Calculate Lake Company's Current Liabilities. Do not include Dollar Signs ($), Commas (.), or Brackets. Eg. 25000 3500 Category: Default for JRSSB-SAND.dennisg