Page 1 of 1

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 JUST DEW IT CORPOR

Posted: Mon May 02, 2022 9:17 am
by answerhappygod
Just Dew It Corporation Reports The Following Balance Sheet Information For 2017 And 2018 Assets 2017 Just Dew It Corpor 1
Just Dew It Corporation Reports The Following Balance Sheet Information For 2017 And 2018 Assets 2017 Just Dew It Corpor 1 (338.91 KiB) Viewed 38 times
Just Dew It Corporation Reports The Following Balance Sheet Information For 2017 And 2018 Assets 2017 Just Dew It Corpor 2
Just Dew It Corporation Reports The Following Balance Sheet Information For 2017 And 2018 Assets 2017 Just Dew It Corpor 2 (251.26 KiB) Viewed 38 times
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 10.600 Accounts payable $ 34,500 28,800 Notes payable 21,150 2018 $ $ 40.600 Current assets Cash Accounts receivable Inventory 7,050 25,050 21,800 55,650 72,200 Total $ 87,750 $ 111,600 Total $ 55,650 $ 62,400 Long-term debt $ 36,000 $ 33,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 48,000 $ 48,000 160,350 256.600 Net plant and equipment $ 212,250 $288,400 Total $208,350 $304.600 Total assets $300,000 $400,000 Total liabilities and owners equity $300,000 $400.000
For each account on this company's balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank be certain to enter "0" wherever required. A negative answer should be indicated by a Minus sign.) 2017 Sources/Uses 2018 Assets Current assets Cash $ 7,050 $ 10,600 Accounts receivable 25,050 28.800 Inventory Tota 55,650 72,200 $ 87,750 $ $ 111,600 Fixed assets Net plant and equipment $ 212,250 $ Total assets $ 300,000 288.400 400,000 $ Liabilities and Owners' Equity Current liabilities $ 34,500 $ 21,150 $ Accounts payable Notes payable Total Long-term debi Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 40,600 21,800 62,400 33 000 55,650 36,000 $ $ $ $ 48 000 48,000 160,350 208,350 Total 256 600 304.600 $ $