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What is the effect of the following transactions on the CURRENT RATIO? 1 Paid the monthly rent of $1,000 2 Sold merchandise for $200 on

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What is the effect of the following transactions on the CURRENT RATIO? 1 Paid the monthly rent of $1,000 2 Sold merchandise for $200 on credit. Cost of the sale is $120. 3 Bought a vehicle with a loan. First payment is due in two years. 4 Collected cash on a prior account receivable. 5 Issued 100 shares of stock in exchange for $2,000 cash

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