Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (c), independent of the others. a. Purchased $105,000 of supplies on creda. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Purchased $105,000 of supplies en credit. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d), independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Paid Accounts Payable in the amount of $135,000. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d), independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Recorded $361,800 of cash contributed by a stockholder for common stock. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d). independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. * Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Borrowed $420,000 from a local bank, to be repaid in 90 days. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (c), independent of the others. a. Purchased $105,000 of supplies on creda. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Purchased $105,000 of supplies en credit. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d), independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Paid Accounts Payable in the amount of $135,000. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d), independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Recorded $361,800 of cash contributed by a stockholder for common stock. Required: Calculate the current ratio and determine whether it will increase, decrease, or remain the same as a result of the following transactions. Consider each item, (a) to (d). independent of the others. a. Purchased $105,000 of supplies on credit. b. Paid Accounts Payable in the amount of $135,000. c. Recorded $361,800 of cash contributed by a stockholder for common stock. d. Borrowed $420,000 from a local bank, to be repaid in 90 days. * Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the current ratio and determine whether it will increase, decrease, or remain the same. Borrowed $420,000 from a local bank, to be repaid in 90 days