Net working capital is the difference between the Total Current Assets and Total Current Liabilities.
The December 31, 2015, balance sheet of Maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $935.
 Hence, Net working capital as on December 31, 2015 shall be (1145-935) = $210
The December 31, 2016, balance sheet showed current assets of $1,360 and current liabilities of $1,035. 
Hence, Net working capital as on December 31, 2016 shall be (1360-1035) = $325
So the change in the net working capital in the year 2016 shall be (325-210)= <u>$115</u>
 
        
             
        
        
        
The country that is being described in the statement given
above is Hong Kong as they are considered as a newly industrializing country in
which they have the capabilities of competing in regards with electronics and
to specialize in the category of trade and banking.
 
        
             
        
        
        
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1    Inventory                    1,500
                      Cash                                              1,500
<h3>
What are journal entries?</h3>
- A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
- An accounting journal, which shows a company's debit and credit balances, records transactions. 
- The journal entry can be made up of multiple records, each of which is either a debit or a credit. 
- Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.
Inventory purchase journal entry:
- Say you purchase $1,000 worth of inventory on credit. 
- Debit your Inventory account $1,000 to increase it. 
- Then, credit your Accounts Payable account to show that you owe $1,000. 
- Because your Cash account is also an asset, the credit decreases the account.
Therefore, the journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be (D)
Jan. 1    Inventory                    1,500
                      Cash                                              1,500
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The question you are looking for is here:
The journal entry to record the receipt of inventory purchased for cash in a perpetual inventory system would be
(A) Jan. 1    cash                    1,500 
                      Account receivables                    1,500 
(B) Jan. 1    Purchases                    1,500
                      Account payable                          1,500
(C) Jan. 1    Inventory                    1,500
                      Office Supplies                             1,500
(D) Jan. 1    Inventory                    1,500
                      Cash                                              1,500
 
        
             
        
        
        
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