A company had the following transactions: 1 Goods in inventory that had cost $1,000 were sold for $1,500 cash. 2 A credit customer whose $500 debt had been written off paid the amount in full. 3 The company paid credit suppliers $1,000 What will be the combined effect of these transactions on the company’s total working capital (current assets less current liabilities)? A Increase of $1,000 B Working capital remains unchanged C Increase of $2,000 D Increase of $3,000 A |