please hurry!!! (6 ,7)

estion 6 (12 points) The following selected ratios are available for Golden Star for the three most recent years: 2021 2020 2019 Current ratio 3.4:1 3.2:1 2.1:1 Receivables turnover 4.7 times 5.7 times 7.3 times Profit margin 24% 15% 10% Inventory turnover 12 times 9.5 times 7.5 times Instructions Has the company's collection of its receivables improved or deteriorated over these three years? 2. Is the company selling its inventory faster or slower than in past years? 3. Has the company's profit margin increase or decrease? Explain. 4 Overall, has the company's liquidity improved or deteriorated over these three years? Explain. Question 7 (14 points) Beta Corporation has a December 31,2022 year end. Prepare journal entries for the following: On July 31, 2022, Beta Corporation sold a delivery truck for $10,000. The truck originally cost $38,000 on January 1, 2014. When sold the accumulated depreciation to date of sale was $25,000. Record the sale. Paid salaries of $10,000; of this amount $495 is CPP $178 is El and $3,465 is for income taxes. Record payroll and record the employer portion. Received the annual property tax bill for $7,500 payable on December 1, 2022. The amount will not be paid till February 2023. Record the bill. Office supplies account has a $3,500 debit balance before adjustment. A physical count of office supplies shows that $800 of supplies is on hand. Record the entry for adjustment. The balance in prepaid insurance of $5,760 was paid on September 1, 2022 The insurance is a 12-month policy Adjusting entry for 2022 is required. A customer invoice for $500 was not received and not recorded. Prepare entry to record the invoice. Utility bill for $650 was not paid and not recorded. Prepare entry to record the bill