2019 2020 2019 2020 Cash $2,200 $1,000 Accounts payable $3,100 $2,800 Accounts receivable $4,600 $8,200 Utilities payable $1,100 $1,800 Inventory $3,100 $7,200 Wages payable $500 $1,600 Prepaid insurance $800 $1,600 Notes payable $14,000 $16,000 Equipment $36,000 $36,000 Interest payable $2,000 $3,200 Accum. depreciation ($14,000) ($15,200) Common stock $9,000 $9,000 Land $7,600 $10,200 Retained earnings $10,600 $14,600 $40,300 $49,000 $40,300 $49,000 How much was the current ratio at the end of 2020 if insurance is paid monthly and both the bank loan and the interest are due in four years? 2.9 1.8 O 1.1 2.5 None of the above

PARRISH 2-7 (T-ACCOUNTS)Please show and tell me how to find the missing amounts in this T-Account.  I asked this question before and the individual failed miserably at "answering" my question.  I am asking not only for the answering for the missing amount in this T-Account, BUT how you solve for that missing amount.  I would like it explained clearly and not through simply a shot from an Excel spreadsheet.  I have attached their answer so you can see what I am referring to and how it did not help in anyway. Thank you. SALARY EXPENSELeft Side of T-Account2/1 Beginning Balance $800002/15 Transaction B $200002/28 Transaction C $6000ENDING BALANCE ??? Right Side of T-Account2/10 Transaction B $10000  ENDING BALANCE???

It is important to understand your financial statements. While this is not everyone’s area of expertise, it is critical that you know how to read a balance sheet and income statement. What do each of these statements tell you? Why are they important?

Identify the various users of accounting information and state how this information can benefit them. Your response should be no more than one page or no more than 200 words. It must reflect evidence of research. 2. Post your reflection in the student tutor exchange forum and critically respond to the posting of one of your peers.

I have questions about the Income Statement. Aside from the obvious what is recorded in the Income Statement? Are Expenses covered? Are any other accounts covered? Please tell me all accounts that are included in the Income Statement and tell me if the Income Statement is a Debit or Credit Account and what accounts in the Income Statement Debits or Credits? Thanks!

Parrish 1 (Homework finding Revenue) I am asking this question a second time!  I specifically stated I did not want an answer in EXCEL format, but rather typed out like a math equation!  Also using terms like Particulars is confusing as I have not come across that yet in accounting.  Keep it simple and basic.  Thank you! Would you please solve the following equation for the missing revenue amount. Do not use Excel or tables. I prefere that the equation be typed out in the equation format.Revenue ?Dividends Declared $3000Expenses $6000RE 1/1 $8000RE 12/31 $9000

I can't read the bottom part  " expenses on what ? The hand writing is bad  please help

“Since you are enrolled in an introductory accounting class, a friend asks you the following: "I have never understood debits and credits." Provide a brief explanation of the terms debit and credit and how they are used in an accounting information system.

If a cash payments journal is supposed to save time spent writing, why are there so many entries in the Other Accounts Debit column?

Drawing on your knowledge of your text, how would you as an accounting student classify and record research and development expenditure in your books? As: A capital expenditure Deferred Revenue Deferred Liability An expense None of the above.