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Ospry Company has working capital in the amount of $1, 260,000. For each of the following transactions, determine whether working capital will increase, decrease, or
Ospry Company has working capital in the amount of $1, 260,000. For each of the following transactions, determine whether working capital will increase, decrease, or remain the same. Paid accounts payable in the amount of $55,000. Recorded accrued salaries in the amount of $110,000. Borrowed $250,000 from a local bank, to be repaid in 90 days. Purchased $34,000 of new inventory on credit
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