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can someone help plz Jasmine Corporation has a December 31 fiscal year-end. Please note that the coverage of prepaid insurance ($7,000) on the adjusted trial
can someone help plz
Jasmine Corporation has a December 31 fiscal year-end. Please note that the coverage of prepaid insurance ($7,000) on the adjusted trial balance will be one year from January 1, 2020 to December 31, 2020. The origin of the note receivable ($50,000) on the adjusted trial balance is that on July 1, 2019, Jasmine Corporation made a loan to another legal entity for the first time in the entire history of Jasmine Corporation, and both interest payment and principal repayment will occur only on July 1, 2020. Employee salaries are paid on every 20th of each month. Unearned revenue stems from deposits from customers with the scheduled delivery of products and services during the year of 2020. Jasmine Corporation declares $20,050 cash dividend on December 31, 2019, with the scheduled payment date of March 31, 2020. During 2019, the company issued $50,000 new common shares. During 2019, the company did not buy back any common shares. Credit Jasmine Corporation Adjusted Trial Balance December 31, 2019 Debit Cash 25,000 Short-term trading investments 40,000 Accounts receivable 8,000 Prepaid insurance expenses 7,000 Note receivable 50,000 Accrued interest revenues 9,000 Land 125,000 Buildings 352,000 Equipment 117,000 Trademarks 91,050 Accumulated depreciation - buildings Accumulated depreciation - equipment Accrued salary expenses Unearned revenue Dividend payable Note payable - due in 4 years Common shares Retained earnings Sales revenues Interest revenues 88,000 29,250 60,000 30,000 20,050 125,000 350,000 130,250 420,050 19,750 Operating expenses Interest expense Income tax expense Dividend declared Total 422,600 3,400 2,250 20,050 | $1,272,350 $1,272,350 | At the end of year 2019, what is the amount of the working capital? For your answer, make sure to put the number without dollar signs ($), commas (,), periods (.), and decimal points. Again, please state the number only without dollar signs, commas, periods, and decimal points for your answer. For example, if the answer happens to be 12345, then you must simply put 12345Step by Step Solution
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