Question
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Cash Accounts receivable
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Debit $ 80,000 Credit 35,000 14,200 290,000 $ 145,000 114,000 36,000 7,150 10,700 87,000 247,350 $ 533,200 $ 533,200
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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