WORKING CAPITAL MANAGEMENT - updates in managerial accounting subj

1. A service company's working capital at the beginning of January of the current year was $70,000. The following transactions occurred during January: Performed services on account $30000 Purchased supplies on account 5,000 Consumed supplies 4,000 Purchased ofce equipment for cash 2,000 Paid short-ten'n bank loan 6,500 Paid salaries 10,000 Accrued salaries 3,500 What is the amount of working capital at the end of January? 2. Blasso Co's net accounts receivable were $500000 at December31. 2000 and $500,000 at December 31, 2001. Net cash sales for 2001 were $200,000. The accounts receivable turnover for 2001 was 5.0. What were Blasso's total net sales for 2001