Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020

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Just Dew It Corporation Reports The Following Balance Sheet Information For 2020 And 2021 Just Dew It Corporation 2020 1 (36.3 KiB) Viewed 196 times

Just Dew It Corporation Reports The Following Balance Sheet Information For 2020 And 2021 Just Dew It Corporation 2020 2 (66.69 KiB) Viewed 196 times

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities Cash $ 14,588 $ 17,631 Accounts payable $ 55,653 $ 63,073 Accounts receivable 35,258 41,019 Notes payable 21,895 25,324 Inventory 65,567 71,505 Total $ 115,413 $ 130,155 Total $ 77,548 $ 88,397 Long-term debt $ 58,000 $ 62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 397,278 418,179 Net plant and equipment $ 477,413 $ 498,421 Total $ 457,278 $ 478,179 Total assets $ 628,576 Total liabilities and owners' equity 592,826 592,826 628,576
For each account on this company's balance sheet, show the change in the account during 2021 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.) 2020 Sources/Uses 2021 $ $ 14,588 35,258 65,567 17,631 41,019 . 71,505 130,155 $ 115,413 $ $ $ 477,413 592,826 $ $ 498,421 628,576 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ 55,653 21,895 77,548 58,000 63,073 25,324 88,397 62,000 $ $ $ $ $ $ 60,000 397,278 457 278 592,826 60,000 418,179 478,179 628,576 $ $ $ $