Question #2: Using question #1 below, calculate the following ratios: Current Ratio Quick Ratio

Question #1 Journal Entries T Accounts Adjusted Trial Balance Income Statement Owners Equity Statement Balance Sheet Statement of Cash Flow On November 2, 2017, Alexandrea Rodgers invested $75,000 to start a business called Blessed Boutique in Bahamar Resort and Casino November 4She got a loan to purchase furniture and fixture $41,000 w/ monthly interest of $72 November 4 - She purchase a computer with POS and Microsoft Office installed for $1,550. November 5 Inventory of $41,000 was purchased. The transportation cost was $360 and Customs Duty (inclusive of VAT) was $3,102. November 7- Content insurance for 2013 was obtained for $1,122 November 9- Sold some gift items to Denise Rodgers on account for 10,568 November 10 Sold some gift items for cash to Telcy Hall for $6,890 November 13 Airport Gift Store pre-ordered and paid for gift items the company must order for $5,560 November 16 - Received partial payment from Denise Rodgers of $5,000 November 17 - Purchased a company car from Kay Peters for $3,400. November 22 - Sent the company car for repairs and it cost $1,230 November 25 Delivered the items ordered on October 13 Airport Gift Store November 30 Paid the following utilities: Light $280, Telephone $345 and Cable/Internet $170 November 30 Paid staff for month of November $800 At month end, the inventory remaining was $39,200 The furniture has a salvage value $1,100 and a useful life of 7 years. He uses straight line depreciation. The computer has $50 salvage value and a useful life of 3 years. He uses straight line depreciation.