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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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