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ohnson Company had the following selected account balances: Cash, $20,000 Accounts Receivable, $22,000 Merchandise Inventory, $48,000 Equipment, $100,000 Accounts Payable, $26,000 Note Payable due in
ohnson Company had the following selected account balances:
Cash, $20,000
Accounts Receivable, $22,000
Merchandise Inventory, $48,000
Equipment, $100,000
Accounts Payable, $26,000
Note Payable due in six months, $12,000
Mortgage Payable due in five years, $75,000
What is Johnson Company's working capital?
Multiple Choice
$2,000
$52,000
$62,000
$77,000
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