Presented below is a partial trial balance for the Messenger Corporation at December 31, 2016.
Account Title Debits Credits
Cash and cash equivalents 43,000
Accounts receivable 221,000
Raw materials inventory 49,000
Note receivable 132,000
Interest receivable 8,000
Interest payable 11,000
Marketable securities 52,000
Land 165,000
Buildings 1,420,000
Accumulated depreciation–buildings 805,000
Work in process inventory 27,000
Finished goods inventory 87,000
Equipment 465,000
Accumulated depreciation–equipment 295,000
Franchise (net of amortization) 1,460,000
Prepaid insurance (for the next year) 73,000
Deferred revenue 36,000
Accounts payable 370,000
Note payable 630,000
Salaries payable 11,000
Cash restricted for payment of note payable 165,000
Allowance for uncollectible accounts 37,000
Sales revenue 8,640,000
Cost of goods sold 565,000
Salaries expense 61,000

Additional information:
1. The note receivable, along with any accrued interest, is due on November 1, 2017.
2. The note payable is due in 2021. 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. Deferred revenue will be earned equally over the next 18 months.
Required:
Determine the company’s working capital (current assets minus current liabilities) at December 31, 2016.(Do not round your intermediate calculations.)

Working capital: -

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

On april 1, 2017, jiro nozomi created a new travel agency, adventure travel. the following transactions occurred during the company’s first month. april 1 nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.2 the company rented furnished office space by paying $1,800 cash for the first month's (april) rent.3 the company purchased $1,000 of office supplies for cash.10 the company paid $2,400 cash for the premium on a 12-month insurance policy. coverage begins on april 11.14 the company paid $1,600 cash for two weeks' salaries earned by employees.24 the company collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 the company paid $1,600 cash for two weeks' salaries earned by employees.29 the company paid $350 cash for minor repairs to the company's computer.30 the company paid $750 cash for this month's telephone bill.30 the company paid $1,500 cash in dividends. the company's chart of accounts follows: 101 cash 405 commissions earned106 accounts receivable 612 depreciation expense—computer equip.124 office supplies 622 salaries expense128 prepaid insurance 637 insurance expense167 computer equipment 640 rent expense168 accumulated depreciation—computer equip. 650 office supplies expense209 salaries payable 684 repairs expense307 common stock 688 telephone expense318 retained earnings 901 income summary319 dividends use the following information: two-thirds (or $133) of one month’s insurance coverage has expired.at the end of the month, $600 of office supplies are still available.this month’s depreciation on the computer equipment is $500.employees earned $420 of unpaid and unrecorded salaries as of month-end.the company earned $1,750 of commissions that are not yet billed at month-end. required: 1. & 2. prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b. the company records prepaid and unearned items in balance sheet accounts.3. using account balances from requirement 6b, prepare an unadjusted trial balance as of april 30.4. journalize and post the adjusting entries for the month and prepare the adjusted trial balance.5a. prepare the income statement for the month of april 30, 2017.5b. prepare the statement of retained earnings for the month of april 30, 2017.5c. prepare the balance sheet at april 30, 2017.6a. prepare journal entries to close the temporary accounts and then post to requirement 6b.6b. post the journal entries to the ledger.7. prepare a post-closing trial balance.

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has: