Romez Limited borrowed $60,000 from National Limited on July 1 and issued a three-month note payable at 5% due at maturity on October 1. Romez's year end is August 31 and the company records adjusting entries only at that time. Prepare journal entries to record (a) the receipt of $60,000 cash and the issue of the note on July 1; (b) the accrual of interest expense on August 31; and (c) the payment of interest and principal at maturity on October 1. 1) 2) 1) Enter the amount of interest expense on Aug 31 2) Enter the amount of interest expense on Oct 1. December 31 statement of The following selected information (in thousands) was taken from Fruition Collections Ltd.'s Dece financial position: Current assets 2024 2023 Cash $1,074 $1,521 Accounts receivable 2,147 1.575 Inventories 1.201 1.010 Other current assets 322 192 Total current assets $4,744 $4.298 Total current liabilities $3.011 $2,989 3) 4) 3) Calculate the current ratio for 2024 4) Calculate working capital for 2024 Open Text Corporation's financial statements contain the following selected data (in U.S. $ millions): Total assets 2021 2020 $9.609 $10,235 Total liabilities 5.510 6.228 Net income 311 234 Income tax expense 340 111 Interest expense 152 146 5) 5) Calculate the debt to total assets for 2021.