Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $75,000 Accounts Payable $30,000 Accounts Receivable $40,000 Notes Payable $15,000 Inventory $50,000 Long-term Debt $60,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $75,000 | Accounts Payable | $30,000 |
Accounts Receivable | $40,000 | Notes Payable | $15,000 |
Inventory | $50,000 | Long-term Debt | $60,000 |
Property | $120,000 | Shareholders' Equity | $150,000 |
Calculate the working capital for the company based on the provided balance sheet.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
978-0324300987
