Answer Happy

Andrew Smith prepared the following balance sheet at December 31, 2022. He is planning to apply for a loan at the First County Bank in the hope of buying a new new delivery truck. Smith Delivery Service Balance Sheet December 31, 2022 Cash $800 $600 Accounts receivable 400 200 Supplies 100 12,100 Prepaid insurance 900 12,900 Equipment $23,000 5,200 Less: Accumulated depreciation (6,000) 17,000 1,100 6,300 Total assets $19,200 $19,200 The note is due in monthly installments of $450. Accounts payable Salaries and wages payable Note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
(b) Compute the company's working capital. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) Working Capital Save for Later Attempts: 0 of 2 used Submit Answer