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From the following balance sheet accounts, Construct a balance sheet for 2013 and 2014 List all the working capital accounts Find the net working capital
- From the following balance sheet accounts,
- Construct a balance sheet for 2013 and 2014
- List all the working capital accounts
- Find the net working capital for the years ending 2013 and 2014
- Calculate the change in net working capital for the year 2014
| Account | Balance 12/31/2013 | Balance 12/31/2014 |
| Accounts payable | $1000 | $1100 |
| Accounts receivable | $2480 | $2690 |
| Cash | $1300 | $1090 |
| Common stock | $4990 | $4990 |
| Inventory | $5800 | $6030 |
| Long-term debt | $7800 | $8200 |
| Three-month Notes payable | $ 800 | $ 960 |
| Plant, property, and equipment | $6380 | $6530 |
| Retained earnings | $1370 | $1090 |
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