Working Capital Using the following information, compute working capital: 5 9,00
ID: 2337585 • Letter: W
Question
Working Capital Using the following information, compute working capital: 5 9,000 2,400 1,950 700 10,000 150 500 1000 2,500 Accounts Payable.. Paid-In Capital Cash . Retained Earnings (beginning) Inventory Current Assets Using the following information, compute total current assets: 9,000 1,100 1,750 400 10000 Prepaid Expenses Paid-in Capital Property,Plant, and Equipment Investment Securities (trading) Accounts Receivable Retained Earnings. 250 1,000 4,000 Current Liabilities Using the following information, compute total current liabilities: Accrued income Taxes Payable zaallaana:onA Notes Payable (due in 14 months). Paid-n Capital Treasury Stock Curent Portion of Long-Term Debt 9,000 1,100 1,750 10,000 250 700 1,000 Accounts Payable Retained Earmings Additional Paid-n Capital Classification of Short-Term Loans to Rn has theExplanation / Answer
Question 1
Answer
Calculation of Working capital
Current Assets
Cash
$ 700.00
Inventory
$ 2,500.00
Total Current Assets
$ 3,200.00
Current Liabilities
Accounts Payable
$ 2,400.00
Accrues wages payable
$ 150.00
Total Current Liabilities
$ 2,550.00
Working capital = Current Assets-Current Liabilities
$ 650.00
Question 2
Answer
Current Assets
Prepaid Expenses
$ 1,100.00
Cash
$ 400.00
Investments Securities (trading)
$ 250.00
Accounts receivables
$ 700.00
Inventory
$ 4,000.00
Total Current Assets
$ 6,450.00
Question 3
Answer
Current Liabilities
Accrues income taxes payable
$ 9,000.00
Unearned Revenue
$ 250.00
Accounts payable
$ 700.00
Current portion of Long term Debt
$ 10,000.00*
Total Current Liabilities
$ 19,950.00
*Current portion of Long term debt is a classified as a current liability.
Notes payable are due in 14 months which means more than 1 year. This makes notes payable a long term debt.
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Calculation of Working capital
Current Assets
Cash
$ 700.00
Inventory
$ 2,500.00
Total Current Assets
$ 3,200.00
Current Liabilities
Accounts Payable
$ 2,400.00
Accrues wages payable
$ 150.00
Total Current Liabilities
$ 2,550.00
Working capital = Current Assets-Current Liabilities
$ 650.00
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