Question
Account Balance 12/31/2013 Balance 12/31/2014 Accumulated depreciation $4,241 $4,870 Accounts payable $2,910 $3,217 Accounts receivable $3,162 $3,641 Cash $1,200 $1,486 Common stock $4,783 $7,279 Inventory
Account Balance 12/31/2013 Balance 12/31/2014
Accumulated depreciation $4,241 $4,870
Accounts payable $2,910 $3,217
Accounts receivable $3,162 $3,641
Cash $1,200 $1,486
Common stock $4,783 $7,279
Inventory $4,351 $5,161
Long-term debt $3,604 $2,435
Plant, property, and equipment $8,666 $9,848
Retained earnings $1,841 $2,335
a.construct a balance sheet for 2013 and 2014.
b.list all the working capital accounts.
c.find the net working capital for the years ending 2013 and 2014.
d.calculate the change in net working capital for the year 2014.
a.construct a balance sheet for 2013 and 2014.
Complete the balance sheet for 2013 below:(Round to the nearest dollar.)
Athens Corporation | |||||||||
Balance Sheet as of December 31, 2013, and December 31, 2014 | |||||||||
ASSETS | 2013 | 2014 | LIABILITIES | 2013 | 2014 | ||||
Current assets |
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| Current liabilities |
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| $ |
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| $ |
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| |
| $ |
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| Total current liabilities | $ |
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| $ |
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| $ |
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Total current assets | $ |
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| Total liabilities | $ |
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| ||
Fixed assets |
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| OWNERS EQUITY |
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| $ |
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| $ |
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| $ |
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| $ |
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| |
| $ |
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| Total owners equity | $ |
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| TOTAL LIABILITIES AND |
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TOTAL ASSETS | $ |
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| OWNERS EQUITY | $ |
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Complete the balance sheet for 2014 below:(Round to the nearest dollar.)
Athens Corporation | |||||||||
Balance Sheet as of December 31, 2013, and December 31, 2014 | |||||||||
ASSETS | 2013 | 2014 | LIABILITIES | 2013 | 2014 | ||||
Current assets |
|
| Current liabilities |
|
| ||||
|
| $ |
|
|
|
| $ |
| |
|
| $ |
| Total current liabilities |
|
| $ |
| |
|
|
| $ |
|
|
|
| $ |
|
Total current assets |
|
| $ |
| Total liabilities |
|
| $ |
|
Fixed assets |
|
| OWNERS EQUITY |
|
|
|
| ||
|
| $ |
|
|
| $ |
| ||
|
| $ |
|
|
|
| $ |
| |
|
|
| $ |
| Total owners equity |
|
| $ |
|
|
|
|
|
| TOTAL LIABILITIES AND |
|
|
|
|
TOTAL ASSETS |
|
| $ |
| OWNERS EQUITY |
|
| $ |
|
b.list all the working capital accounts.(Select the best response.)
A.
The working capital accounts are the current assets and current liabilities of the company.
B.
The working capital accounts are the current assets and long-term liabilities of the company.
C.
The working capital accounts are the current assets and total liabilities of the company.
D.
The working capital accounts are the current assets and fixed assets of the company.
c.find the net working capital for the years ending 2013 and 2014.
The net working capital for the year ending 2013 is
$nothing.
(Round to the nearest dollar.)The net working capital for the year ending 2014 is
$nothing.
(Round to the nearest dollar.)
d.calculate the change in net working capital for the year 2014.
The change in net working capital for the year 2014 is
$nothing.
(Round to the nearest dollar.)
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