Use the ending balanse from the Tacson HW 2-2 to prepare a classified balance sheet as of PREPARING A BALANCE SHEET December 31, 2010. At December 31, 2010 2-5 as of December 31, 2010. Then, interpret the current ratio. Refer to the classified balance sheet from HW 2-3 and calculate the current ratio of World Wide Webster CURRENT RATIO Calculation: Interpretation: 2-6 N Lecture 2 HW HW 2-2 POSTING TO T-ACCOUNTS Post the transactions from HW 2-1 and determine the ending balances of each of the following T- accounts Assets Liabilities Stockholders' Equity + Cash - Accounts Payable+ - Contributed Capital 300 d 1000 od a loooo 6 15000 equip sooo took some f 300 3oof 600 g 300 n 10 25 000 2000 + Supplies - - Notes Payable + Retained Earnings + d300 15000 9 600 15000 18 + Equipment e 5000 9. 1000 6000