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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

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

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