Details Services Revenue Fees Earned Wages Expense Advertisement Expenses Equipment Plant & Machinery Accumulated Depreciation Rent...

 

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Details Services Revenue Fees Earned Wages Expense Advertisement Expenses Equipment Plant & Machinery Accumulated Depreciation Rent Expense Utilities Expense Depreciation Expense Capital Stock Retained Earnings Dividends Paid Cash Accounts Receivable Prepaid Expenses Accrued Revenues Accounts Payable Notes Payable Required: For the Year Ended December 31, 2019 • Gross Working Capital Net Working Capital Write the Analysis Report based on the types of working capital. Debit $10,000 $21,000 $140,000 $160,000 $7,000 $3,000 $30,000 $8,500 $70,000 $36,250 $5,000 $15,750 Credit $125,000 $75,000 $60,000 $150,000 $33,000 $16,500 $20,000 Details Services Revenue Fees Earned Wages Expense Advertisement Expenses Equipment Plant & Machinery Accumulated Depreciation Rent Expense Utilities Expense Depreciation Expense Capital Stock Retained Earnings Dividends Paid Cash Accounts Receivable Prepaid Expenses Accrued Revenues Accounts Payable Notes Payable Required: For the Year Ended December 31, 2019 • Gross Working Capital Net Working Capital Write the Analysis Report based on the types of working capital. Debit $10,000 $21,000 $140,000 $160,000 $7,000 $3,000 $30,000 $8,500 $70,000 $36,250 $5,000 $15,750 Credit $125,000 $75,000 $60,000 $150,000 $33,000 $16,500 $20,000

Answer rating: 100% (QA)

To calculate Gross Working Capital and Net Working Capital well use the following formulas 1 Gross W... View the full answer