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Please come pleter requirement 4,5 and 6 Assets: Liabilities: Stockholders' Equity: Required: Using...

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Accounting

Please come pleter requirement 4,5 and 6 Assets:
Liabilities:
Stockholders' Equity:
Required:
Using the data from the T-accounts given, complete the accounting equation on January 1 of the current year.
Prepare journal entries for transactions (a) through (e) for the current year.
a. Borrowed $10,000 from a local bank, signing a note due in three years.
b. Sold $7,500 of the investments for $7,500 cash.
c. Sold one-half of the property and equipment for $2,700 in cash.
d. Declared $3,200 in cash dividends to stockholders.
e. Paid dividends to stockholders.
Enter the effects of the transactions in Requirement 2 in the T-accounts.
Prepare a trial balance at December 31. Only include those accounts with a balance at year end.
Prepare a classified balance sheet at December 31 of the current year.
Calculate the current ratio at December 31 of the current year.
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