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value: 10.00 points Denna Company's working capital accounts at the beginning of the year follow Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Accounts
value: 10.00 points Denna Company's working capital accounts at the beginning of the year follow Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Accounts payable Notes due within one year Accrued liabilities $ 78,000 $ 23,500 $ 369,200 $ 480,800 $ 13,600 $214,400 $116,000 $ 67,200 During the year, Denna Company completed the following transactions x. Paid a cash dividend previously declared, $38,000 a. Issued additional shares of common stock for cash, $216,000 b. Sold inventory costing $76,400 for $108,000, on account. c. Wrote off uncollectible accounts in the amount of $13,200, reducing the accounts receivable balance aordingly d. Declared a cash dividend, $38,000 e. Paid accounts payable, $112,800 f. Borrowed cash on a short-term note with the bank, $72,000 g. Sold inventory costing $16,890 for $11,260 cash. h. Purchased inventory on account, $56,000 i. Paid off all short-term notes due, $188,000 j. Purchased equipment for cash, $81,400 k. Sold marketable securities costing $13,500 for cash, $11,250 I. Collected cash on accounts receivable, $88,800
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