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Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of
Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount (Input all amounts as positive values): |
COUNTRY KETTLES, INC. Balance Sheet December 31 | ||||||
2013 | 2014 | |||||
Assets | ||||||
Cash | $ | 31,800 | $ | 31,030 | ||
Accounts receivable | 71,300 | 74,560 | ||||
Inventories | 62,200 | 64,625 | ||||
Property, plant, and equipment | 161,000 | 172,600 | ||||
Less: Accumulated depreciation | 47,040 | 51,300 | ||||
Total assets | $ | 279,260 | $ | 291,515 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 46,300 | $ | 48,530 | ||
Accrued expenses | 7,680 | 6,740 | ||||
Long-term debt | 27,000 | 30,100 | ||||
Common stock | 30,000 | 35,400 | ||||
Accumulated retained earnings | $ | 168,280 | $ | 170,745 | ||
Total liabilities and equity | $ | 279,260 | $ | 291,515 | ||
Item | Source/Use | Amount | ||
Cash | (Click to select)SourceUse | $ | ||
Accounts receivable | (Click to select)SourceUse | $ | ||
Inventories | (Click to select)UseSource | $ | ||
Property, plant, and equipment | (Click to select)UseSource | $ | ||
Accounts payable | (Click to select)UseSource | $ | ||
Accrued expenses | (Click to select)SourceUse | $ | ||
Long-term debt | (Click to select)SourceUse | $ | ||
Common stock | (Click to select)UseSource | $ | ||
Accumulated retained earnings | (Click to select)SourceUse | $ | ||
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