Where do current assets and current liabilities come from?
Extracted text: Current ratio= 1739300/135000= 12.51 Times PARTICULAR CURRENT ASSETS CURRENT LIABILITIES Cash 1733000 Prepaid Insurance 5000 Supplies 1300 Creditors 120000 Salary payable 15000 Total 17,39,300 1,35,000
Extracted text: The Jirapar CO. Transactions Date Accounting Transaction Thai Baht Supak invested property in company Thiraphat invested cash in company Puchita invested land in company Jan. 27 1,500,000 Jan. 27 2,000,000 500,000 320,000 Jan. 27 Company purchased office equipment on credit Company purchased electrical equipment as 100,000 Baht, but accountant Feb. 1 Feb. 2 paid cash at time of purchase only 10 percent of the total amount Company completed services for customer name Lelawan which she will paid cash to company in the next 30 days Company completed work to Phisamai on credit Company received cash from Phisamai for February 5 work Company paid cash for office equipment purchased on February 1 Supak withdrew cash for personal use Company collected cash for work completed from Panaya Company paid cash for month's utility bill Company paid employee's salary Company purchase insurance premium for six months' Company received payment from Lelawan full amount Thiraphat withfrew cash for personal use Company purchased office suppied by cash Company purchased computer equipment on credit Feb. 3 30,000 Feb. 5 30,000 Feb. 10 Feb. 12 Feb. 17 25,000 Feb. 19 60,000 Feb. 24 4,000 Feb. 28 15,000 Mar. 1 6,000 Mar. 3 Mar. 5 5,000 Mar. 10 2,000 Mar. 12 30,000 Additional items for March 31, 2021 adjusted entries Expired insurance coverage Office supplied on hand at the end of march Computer equipment - depreciation expense for March Unpaid salaries since 1 March Office equipment - depreciation expense per a month (a) 1,000 (b) |(c) |(d) |(e) 1,300 300 15,000 2,000