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U n e wLmLLUULUUN HUND CHOS SET-A2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.) The

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U n e wLmLLUULUUN HUND CHOS SET-A2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.) The following is the adjusted year-end trial balance at December 31, 2018, of Wilson Trucking Company Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings, December 31, 2017 Dividends Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense Trucks Totals Debit Credit $ 8,000 17,500 3,000 172,000 $ 36,000 85,000 12,000 4,000 53,000 20,000 155,000 20,000 130,000 23,500 61,000 8.000 Show All Items $41 Required information 125 WILSON TRUCKING COMPANY Balance Sheet December 31, 2018 Assets Current assets boisini "N Cash Accounts receivable Office supplies Liabilities Show All Items Equity CHO3 SET-A 2 1 QS 3-24 Identifying current accounts and computing the current ratio LO A2 Compute Chavez Company's current ratio using the information below. 1.25 points Accounts receivable Accounts payable Buildings Cash $18,000 Long-term notes payable 11,000 Office supplies 45,000 Prepaid insurance 7,000 Unearned services revenue $21,000 2,800 3,560 3,000 eBook Hint Print Choose Numerator: Current Ratio Choose Denominator: - Current Ratio Current ratio References

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