ospry value: 10.00 points g transactions, determine whether working capital will

Question

ospry

value: 10.00 points g transactions, determine whether working capital will increase, decrease, or remain the same Ospry Company has working capital in the amount of $1,270,000. For each of the a. Paid accounts payable in the amount of $53,000 b Recorded accrued salaries in the amount of $106,000 Borrowed $250,000 from a local bank, to be repaid in 90 days. d Purchased $22,000 of new inventory on credit Decrease Increase Remain the same References Book & Resources Learning Objective: 09-05 Explain the importance of working capitaf and is im Explain the importance of working capital and its imp Worksheet Difficulty: 1 Easy

Explanation / Answer

Ospry Company Working Capital =1270000 Sr. No. Situation Amount Increase or Decrease New Working capital after transaction a Paid accounts Payable 53000 Remain the same 1270000 b Recorded accrued salaries 106000 Decrease 1164000 c Borrowal from bank for 90 days 250000 Remain the same 1270000 d Purchase of inventory on credit 22000 Remain the same 1270000

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