15.Scout Company sold $15,000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is estimated at 5% of the sales price. The journal entry to record the estimated warranty expense for the month of September will include a

16.

Based on the following data, what is working capital?

Accounts payable	$30,000
Accounts receivable	60,000
Accrued liabilities	4,000
Cash	60,000
Intangible assets	50,000
Inventory	69,000
Long-term investments	80,000
Long-term liabilities	100,000
Marketable securities	50,000
Fixed assets	670,000
Prepaid expenses	1,000

Based on the following data, what is working capital?

Accounts payable	$30,000
Accounts receivable	60,000
Accrued liabilities	4,000
Cash	60,000
Intangible assets	50,000
Inventory	69,000
Long-term investments	80,000
Long-term liabilities	100,000
Marketable securities	50,000
Fixed assets	670,000
Prepaid expenses	1,000