Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Balance sheet. From the following balance sheet accounts in the popup window, a construct a balance sheet for 2016 and 2017. b. list all the
Balance sheet. From the following balance sheet accounts in the popup window, a construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. c. find the networking capital for the years ending 2016 and 2017. d. calculate the change in net working capital for the year 2017. a. construct a balance sheet for 2016 and 2017. Complete the balance sheet for 2016 below: (Round to the nearest dollar.) Athens Corporation Balance Sheet as of December 31, 2016, and December 31, 2017 2017 LIABILITIES ASSETS 2016 2016 2017 Current assets Current liabilities Ils $ $ Total current liabilities $ $ $ Total current assets $ Total liabilities $ Fixed assets OWNERS' EQUITY $ $ $ Total owners' equity Choose from any list or enter any number in the input fields and then click Check Answer. i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Balance Sheet Accounts of Athens Corporation Balance Balance Account 12/31/2016 12/31/2017 Accumulated depreciation $4,229 $4,862 Accounts payable $2,892 $3,203 Accounts receivable $3,165 $3,640 Cash $1,203 $1,484 Common stock $4,774 $7,278 Inventory $4,357 $5,161 Long-term debt $3,603 $2,426 Plant, property, and equipment $8,671 $9,844 Retained earnings $1,898 $2,360 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started