Presented Below Is a Partial Trial Balance for the Messenger

question 70

Essay

Presented below is a partial trial balance for the Messenger Corporation at December 31, 2018.

Additional information:
1. The note receivable, along with any accrued interest, is due on November 1, 2019.
2. The note payable is due in 2023. Interest is payable annually.
3. The marketable securities consist of investments in 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 over the next 18 months.

Required:
Determine the company's working capital at December 31, 2018.

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Definitions:

Eustress

Positive, beneficial stress that motivates and focuses energy, often associated with agreeable or happy events.

Insufficient Funds

A situation where an account does not contain enough money to cover transactions, leading to potential declines of payments or issuance of fees.

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in daily activities.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.