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Use the following data to determine the total amount of working capital. Koonce Office Supplies Balance Sheet December 31, 2022 Cash Accounts receivable $195000
Use the following data to determine the total amount of working capital. Koonce Office Supplies Balance Sheet December 31, 2022 Cash Accounts receivable $195000 Accounts payable $210000 150000 Salaries and wages payable 30000 Inventory 165000 Mortgage payable 240000 Prepaid insurance 90000 Total liabilities $480000 Stock investments 255000 Land 270000 Buildings $315000 Common stock $360000 Less: Accumulated (60000) 255000 Retained earnings 750000 depreciation Total stockholders' Goodwill 210000 $1110000 equity Total liabilities and Total assets $1590000 $1590000 stockholders' equity $180000 $390000 $130000 $360000
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