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Required information P2-3(Algo) Recording Transactions in T-Accounts, Preparing the Balance Sheet from a Trial...

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Accounting

Required information
P2-3(Algo) Recording Transactions in T-Accounts, Preparing the Balance Sheet from a Trial Balance, and Evaluating the Current Ratio LO2-2,2-4,2-5
[The following information applies to the questions displayed below.]
Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following:
\table[[Cash,$27,000,Accounts payable,],[Investments (short-term),3,600,Accrued liabilities payable,$18,000
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