Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Requirement 3. Compute the current ratio for Manny's Bowling Alley. Select the labels, enter the amounts, then compute the current ratio. (Round your answer to
Requirement 3. Compute the current ratio for Manny's Bowling Alley. Select the labels, enter the amounts, then compute the current ratio. (Round your answer to two decimal places.) Current ratio Choose from any list or enter any number in the input fields and then click Check Answer, AN . ARA 8 of 10 (9 complete) i Data Table ented Manny's Bowling Alley Adjusted Trial Balance December 31, 2018 Account Title Balance Debit Credit Cash 18,000 Accounts Receivable 3,500 600 Office Supplies Prepaid Insurance Land 2,300 45,000 110,000 0 00 8,000 50 41,000 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue 00 21,000 3,500 750 ound your ans 3.300 Current ratio 2.100 Print then click Check Done Clear All 8 of 10 (9 complete) 0 Data Table ted $ 8,000 41,000 Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable 21,000 3,500 750 3,300 Unearned Revenue 2.100 Common Stock 104,000 Retained Earnings 68,225 Dividends 24,000 Service Revenue 120,000 32,000 30,000 1,500 Insurance Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Depreciation Expense-Building Total 20.000 2.500 475 your ans entratio 330.875 S 330.375 Print Done Click Check Clear AB
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started