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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 | $ | 31,600 | $ | 30,810 | ||
Accounts receivable | 71,100 | 74,320 | ||||
Inventories | 62,000 | 64,375 | ||||
Property, plant, and equipment | 159,000 | 170,200 | ||||
Less: Accumulated depreciation | 46,880 | 51,100 | ||||
Total assets | $ | 276,820 | $ | 288,605 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 46,100 | $ | 48,310 | ||
Accrued expenses | 7,480 | 6,580 | ||||
Long-term debt | 26,800 | 29,800 | ||||
Common stock | 28,000 | 33,200 | ||||
Accumulated retained earnings | $ | 168,440 | $ | 170,715 | ||
Total liabilities and equity | $ | 276,820 | $ | 288,605 | ||
Item | Source/Use | Amount | ||
Cash | (Click to select)UseSource | $ | ||
Accounts receivable | (Click to select)UseSource | $ | ||
Inventories | (Click to select)UseSource | $ | ||
Property, plant, and equipment | (Click to select)SourceUse | $ | ||
Accounts payable | (Click to select)SourceUse | $ | ||
Accrued expenses | (Click to select)UseSource | $ | ||
Long-term debt | (Click to select)SourceUse | $ | ||
Common stock | (Click to select)UseSource | $ | ||
Accumulated retained earnings | (Click to select)SourceUse | $ | ||
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