Cash $2,000 $110 $1,000short-term investments 50 0 580current receivables 350 470 700inventory 2,600 2,420 4,230prepaid expenses 200 500 900total current assets $5,200 $3,500 $7,410current liabilities $2,000 $1,000 $3,800 compute the current ratio and acid-test ratio for each of the following separate cases.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.