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CAS Cogna ACT 210-01 Accounting for Financial Menu Homework: Chapter 4 Homework HU 1 of 2 (1 complete) Score: 14 48 of 15 pts mework PF4-32A (book/static) a Quta/Test (Click the icon to view the adjusting de Read the requirements The unadusted trial balance of Walton Amils at December 31, 2024, and the data for the adjustments follow (Click the icon to view the unadjusted trial balance.) Sales Payable 200 Uneamed Revenue 1,800 Common Stock 24,000 Retained Earnings 18,790 Total $ 53.280 $ 53,280 Requirement 7. Calculate the current ratio for the company Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places) Review Balance Sheet completed in Pequent Total current assets Total current Sabines Current ratio Choose from any list or enter any number the input Tieds and then click Check Answer All parts showing Clear All Type here to search RI 6 E Jackson Rentals has just completed operations for the year ended December 31, 2020. This is the second year of operations for the company. The following data have been gathered for the business: Insurance Expense $9,000 Service Revenue 140,000 Utilities Expense 2,800 Rent Expense 32,000 Common Stock 18,000 Cash 14,400 Retained Earnings, January 1, 10,200 2020 Salaries Expense 92,000 Accounts Payable 35,200 Office Supplies 3,400 Dividends 9,600 Accounts Receivable 16,000 Equipment 24,200 Prepare Jackson's income statement for the year ended December 31, 2020. 1

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