P$2-3($Algo$)$ Recording Transactions in T$-$Accounts, Preparing the Balance Sheet from a Trial Balance, and Evaluating the Current Ratio LO$2-2,2-4,2-5$

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Jaguar Plastics Company has been operating for three years. At December $31$ of last year, the accounting records reflected the following:

$\backslash$table$[[$Cash$,$$$27,000,$Accounts payable,$$14,000$