ull alfa 3G® 9:34 amInsu Company had the following accountsand balances on June 30, 2018.АссountAmountCashS50,000Account Receivable18,000Supplies3,000Prepaid Insurance14,000Inventory12,500Land90,000Account Payable16,000Notes Payable due on December 31, 201826,000Unearned Service Revenue18,000Common Stock30,000Retained Earnings97,500The Current Ratio for Insu Company fromthe information provided above is:*1.625O 1.416O 2.8672.32None of the above l alfa 3G© 9:34 am2.8672.32None of the aboveThe Working Capital for Insu Company fromthe information provided above is: *$37,000$63,500$37,500$25,000O None of the abovePage 7 of 11ВackNextNever submit passwords through Google Forms.This form was created inside of Lebanese InternationalUniversity. Report AbuseGoogle Forms

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Description: ull alfa 3G® 9:34 amInsu Company had the following accountsand balances on June 30, 2018.АссountAmountCashS50,000Account Receivable18,000Supplies3,000Prepaid Insurance14,000Inventory12,500Land90,000Account Payable16,000Notes Payable due on December

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Insu Company had the following accounts and balances on June 30, 2018. Account Amount Cash $50,000 Account Receivable 18,000 Supplies 3,000 Prepaid Insurance 14,000 Inventory 12,500 Land 90,000 Account Payable Notes Payable due on December 31, 2018 16,000 26,000 Unearned Service Revenue 18,000 Common Stock 30,000 Retained Earnings 97,500

Insu Company had the following accounts and balances on June 30, 2018. Account Amount Cash $50,000 Account Receivable 18,000 Supplies 3,000 Prepaid Insurance 14,000 Inventory 12,500 Land 90,000 Account Payable Notes Payable due on December 31, 2018 16,000 26,000 Unearned Service Revenue 18,000 Common Stock 30,000 Retained Earnings 97,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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