Help please 1.Prepare Statement of owner's equity2.Calculate current ratio The Puchita CO.TransactionsDateAccounting TransactionThai BahtJan. 27Pakanan invested cash in company1,250,000Jan. 27Porrarat invested cash in company1,300,000Jan. 27Jun Li invested computer equipment in company450,000Feb. 1Company puchased annual insurance premiumCompany purchased office equipment on creditCompany paid for two month's rentCompany purchased office supplies on creditCompany paid cash for February cleaning servicesCompany purchased electrical equipment total price as 60,000 Baht, but on12,000Feb. 2610,000Feb. 312,000Feb. 530,000Feb. 102,500Feb. 1260,000this date company paid cash to the seller only 40000 BahtCompany completed services and received cash40,000Feb. 1714,000Company provided services to Jinnipa on creditCompany paid cash for purchasing office equipment on credit on Jan. 29Company completed services to Pongsiri and she will paid in next 30 daysFeb. 1910,000Feb. 2461,000Feb. 2612,000Company collected cash for work completed from RawinCompany paid for employees's salary (since Jan. 27 until Feb. 28)Company received cash from Jinnipa for service provided on Feb.19Company paid cash for purchasing supplies on credit on Feb. 5Jun Li withdraw cash for personal usePorarat withdraw cash for personal useMar. 33,000Mar. 530,000Mar. 1010,000Mar. 1230,000Mar. 176,400Mar. 1914,000Additional items for March 31, 2021 adjusted entries(a)(b)(c)(d)(e)Expired insurance coverageOffice supllied on hand at the end of marchComputer equipment - depreciation expense for two monthUnpaid salaries since 1 MarchOffice equipment - depreciation expense for two month2,00010,0009,00030,0006,100

Current Ratio Current Ratio=Current Assets/Current Liabilities Statement of Owners equtiy The…

Answered: 1.Prepare Statement of owner's equity…

Business

Accounting

1.Prepare Statement of owner's equity 2.Calculate current ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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