Please answer Word Problems 4- 8 and use the date in the second image (1-14)

4. How much cash did the business spend during the month? 5. What is the current ratio of the business? 6. Interpret the results of \#5. What does the current ratio tell us and what does that mean for this business? 7. Would the company's profit have been affected if the owner did NOT take a withdrawal at the end of the month? (Why or why not? Explain. 8. What would the current ratio have been if the owner did not take any withdrawal during the month? Show your calculation and describe why the result is different: for a client base. 2. Prepaid the rent for the next three months in the amount of $6,000. 3. Purchased office supplies for $3,000 in cash. 4. Purchased Equipment $20,000 for the Salon paying $5,000 down and the remainder on account. 5. Collected fee income - cash- of $26,000 for the first part of the month. 6. Paid the current month's utilities expense of $2,500. 7. Had a bridal party in for up do's and nail services. Billed the bride's mother for services totaling $3,000 to be paid next month. 8. Paid employee's wages of $4,600. 9. Paid telephone bill of $580. 10. Purchased more supplies of $1,100 on account. 11. Paid $25.00 to the Donut Nut to provide refreshments to the employees to celebrate the first successful month of business. 12. Collected $1,000 from the bride's mother who was previously billed. 13. Clients paid a total of $9,100 cash in fees for the second half of the month. 14. The owner (Sheila Mane) took a cash withdrawal of $6,500. brand new business. 1. On the first day of January, the owner, Ms. Sheila Mane, invested $50,000 cash in the name of the business. - The Mane Event. This company performs cosmetology services for a client base. 2. Prepaid the rent for the next three months in the amount of $6,000. 3. Purchased office supplies for $3,000 in cash. 4. Purchased Equipment $20,000 for the Salon paying $5,000 down and the remainder on account.. 5. Collected fee income - cash- of $26,000 for the first part of the month. 6. Paid the current month's utilities expense of $2,500. 7. Had a bridal party in for up do's and nail services. Billed the bride's mother for services totaling $3,000 to be paid next month. 8. Paid employee's wages of $4,600. 9. Paid telephone bill of $580. 10. Purchased more supplies of $1,100 on account. 11. Paid $25.00 to the Donut Nut to provide refreshments to the employees to celebrate the first successful month of business. 12. Collected $1,000 from the bride's mother who was previously billed. 13. Clients paid a total of $9,100 cash in fees for the second half of the month. 14. The owner (Sheila Mane) took a cash withdrawal of $6,500