Question
Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of
Here 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 Sheet2016/2017
Assets
Cash. $32,300/ $31,580
Accounts receivable71,800/75,160
Inventories62,700/65,250
Property, plant, and equipment166,000/178,600
Less: Accumulated depreciation47,440/51,800
Total assets$285,360/$298,790
Liabilities and Equity
Accounts payable$46,800/$49,080
Accrued expenses8,180/7,140
Long-term debt27,500/30,850
Common stock35,000/40,900
Accumulated retained earnings$167,880/$170,820
Total liabilities and equity$285,360/$298,790
ItemSource/UseAmountCash-Useor Source$Amount?
Accounts receivable(select)UseorSource$Amount?
Inventories( select)Source orUse$Amount?
Property, plant, and equipment(select)Useor Source$Amount?
Accounts payable(select)UseorSource$Amount?
Accrued expenses(select)UseorSource$Amount?
Long-term debt(select)Source orUse$Amount?
Common stock(select)UseorSource $Amount?
Accumulated retained earnings(select)Useor Source $Amount?
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