Question: Solve for working capital please. D Connect E] https eztomheducatloncom berry Heme N Blackbeard 9' liege Email in tin Indeed Thl'l SaVII'L '- Other'lavarites Quiz1
Solve for working capital please.
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D Connect E] https eztomheducatloncom berry Heme N Blackbeard 9' liege Email in tin Indeed Thl'l SaVII'L '- Other'lavarites Quiz1 0 Saved Help Saveseut Submit Presented below is a partial trial balance for the Messenger Carporation at December 31, 2021. 2 3 Account Title Debits Credits Cash and cash equivalents 39,999 Accounts receivable 213,999 Raw materials inventory 45,999 NDtES receivable 165,333 Interest receivable 4,999 3 34 Interest payable 7,999 poms Investments 49,999 land 145,999 Buildings 1,599,999 Accumulated depreciationcbuildines 795,999 work in process inventory 47,999 Skinned Finished goods inventory 99,999 Equipment 445,999 Accumulated depreciatimequipment 275,999 Franchise (net of amortization) 1,399,999 Prepaid insurance (for the next year) 69,999 Deferred revenue 63,999 Accounts payable 339,999 Notes payable 599,999 Salaries payable 7,999 Allowance tor uncollectible accounts 33,999 Sales revenue 9,569,999 Cost or goods sold 545,999 Salaries expense 57,999 Additional information: 1. The notes receivable, along with any accrued interest, are due on November 1, 2022. 2. The notes payable are due in 2026. Interest is payable annually. 3. The investments consist of equity securities of other corporations. Management does not intend to sell any of the securities in the next year. 4. Deferred revenue will be recognized equally overthe next 18 months.
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