gle Chrome File Edit View History Bookmarks Profiles Tabl Window Help X M Inbox (231)- abigailof X M Verify Your Email Addra × The following unadjus! X iConnect - Home × M Question 5 - Chap C bis- Google Search ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 4 Homework 5 Saved Help Save & Ex 12.89 points eBook Ask Print References Problem 4-6AA (Algo) Preparing reversing entries LO P3 The Unadjusted Trial Balance for Hawkeye Ranges as of December 31 is presented in requirement 1. The following additional information relates to the required year-end adjustments. a. As of December 31, employees had earned $855 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,522 of salaries will be paid. b. Cost of supplies still available at December 31 total is $2,575. c. An interest payment is made every three months. The amount of unrecorded accrued interest at December 31 is $1,450. The next interest payment, at an amount of $1,740, is due on January 15. d. Analysis of Unearned Revenue shows $5,342 remaining unearned at December 31. e. Accrues $8,601 of revenue for services provided. Payment will be collected on January 31. f. Depreciation expense is $12,142. Required: 1. Complete the six-column table by entering adjustments that reflect the above information. 2. Prepare journal entries for adjustments entered in the six-column table for Requirement 1. 3. Prepare journal entries to reverse the effects of the adjusting entries that involve accruals. 4. Prepare journal entries to record cash payments and cash collections for January. (Assume reversing entries were prepared.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare journal entries for adjustments entered in the six-column table for Requirement 1. JUN M 3 < Prev 5 of 6 Next > tv♫ MacBook Pro Aa b Che Google Chrome File Edit View History Bookmarks Profiles Tab Window Help 0 bis- Google Search X Inbox (231) abigailof: x | Verify Your Email Addre x The following unadjust x IConnect - Home ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252F Chapter 4 Homework 1.11 points 6 Saved AA 4-2 Comparative Analysis LO A1 Key figures for the recent two years of both Apple and Google follow. Apple Google eBook $ millions Current assets Current Year $ 162,819 Current liabilities 105,718 Current Year Prior Year $131,339 $ 152,578 115,929 45,221 Prior Year $ 135,676 34,620 Ask Required: Print References 1. Compute current ratios for (a) Apple and (b) Google for the two years reported above. 2. In the current year, which company has the better ability to pay short-term obligations according to the current rat 3-a. Do Apple's current ratio underperform or outperform the industry (assumed) average ratio of 2.0? 3-b. Do Google's current ratio underperform or outperform the industry (assumed) average ratio of 2.0? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A and 3B Compute current ratios for (a) Apple and (b) Google for the two years reported above. Note: Round your answers to 2 decimal places. Apple Google ($ millions) Current Prior Current Prior Current ratios 11768 2 3 < Prev 6 of 6 Next> tv♫ 4 A