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LOB L has the following balances in its balance sheet accounts as of 12/31/2020. Account Type Balance $K Land 2,000 Building 2,500 Accumulated Depreciation (1,500)
LOB L has the following balances in its balance sheet accounts | ||
as of 12/31/2020. | ||
Account | Type | Balance $K |
Land | 2,000 | |
Building | 2,500 | |
Accumulated Depreciation | (1,500) | |
Trade Receivables (Debtors) | 1,500 | |
Cash | 0 | |
WIP Inventory (stock) | 3,000 | |
Wages Payable | (1,000) | |
Trade Payables (Creditors) | (400) | |
Advance Payments | (200) | |
1. For each Account with a blank "Type", fill in the appropriate "Type." | ||
2. Calculate Working Capital as of 12/31/2020. |
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