How do I set this up? This is a few questions stuck together. Count as multiple questions I think. 4-12 Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0.      Table for 4-12  Total Current Assets  Current Ratio  Effect on Net Income            a  Cash is acquired through issuance of additional stock.        b  Merchandise is sold for cash.        c  Federal income tax due for the previous year is paid.        d  A fixed asset is sold for less than book value.        e  A fixed asset is sold for more than book value.        f  Merchandise is sold on credit.        g  Payment is made to trade creditors for previous purchases.        h  A cash dividend is declared and paid.        i  Cash is obtained through short-term bank loans.        j  Short-term notes receivable are sold at a discount.        k  Marketable securities are sold below cost.        l  Advances are made to employees        m  Current operating expenses are paid.        n  Short-term promissory notes are issued to trade creditors in exchange for past due accounts payable.        o  10-Year notes are issued to pay off accounts payable.        p  A fully depreciated asset is retired.        q  Accounts receivable are collected.        r  Equipment is purchased with short-term notes.        s  Merchandise is purchased on credit.        t  The estimated taxes payable are increased.

Table for 4-12 

Total Current Assets 

Current Ratio 

Effect on Net Income 

a 

Cash is acquired through issuance of additional stock. 

b 

Merchandise is sold for cash. 

c 

Federal income tax due for the previous year is paid. 

d 

A fixed asset is sold for less than book value. 

e 

A fixed asset is sold for more than book value. 

f 

Merchandise is sold on credit. 

g 

Payment is made to trade creditors for previous purchases. 

h 

A cash dividend is declared and paid. 

i 

Cash is obtained through short-term bank loans. 

j 

Short-term notes receivable are sold at a discount. 

k 

Marketable securities are sold below cost. 

l 

Advances are made to employees 

m 

Current operating expenses are paid. 

n 

Short-term promissory notes are issued to trade creditors in exchange for past due accounts payable. 

o 

10-Year notes are issued to pay off accounts payable. 

p 

A fully depreciated asset is retired. 

q 

Accounts receivable are collected. 

r 

Equipment is purchased with short-term notes. 

s 

Merchandise is purchased on credit. 

t 

The estimated taxes payable are increased.