Presented below is a partial trial balance for the Messenger Corporation at December 31, 2009.
Additional information:
1. The note receivable, along with any accrued interest, is due on November 1, 2010.
2. The note payable is due in 2014. Interest is payable annually.
3. The marketable securities consist of equity securities of other corporations. Management does not intend to sell any of the securities in the next year.
4. Unearned revenue will be earned equally over the next eighteen months.
Required:
Determine the company's working capital (current assets minus current liabilities) at December 31, 2009.
Definitions:
Prescribed Medications
Drugs that are legally dispensed and instructed for use by a healthcare professional to treat or manage a specific condition.
Digoxin
A medication used to treat heart conditions, such as heart failure and atrial fibrillation, by increasing the strength of heart muscle contractions.
Warfarin
An anticoagulant medication used to prevent blood clots by inhibiting the clotting factors in the blood.
Public Health Focus
The concentration on promoting and protecting the health of populations through the prevention of diseases and injuries.
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