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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.(Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input allamounts as positive values): |
COUNTRY KETTLES, INC. Balance Sheet December 31, 2016 | ||||||
2015 | 2016 | |||||
Assets | ||||||
Cash | $ | 31,300 | $ | 30,480 | ||
Accounts receivable | 70,800 | 73,960 | ||||
Inventories | 61,700 | 64,000 | ||||
Property, plant, and equipment | 156,000 | 166,600 | ||||
Less: Accumulated depreciation | (46,640 | ) | (50,800 | ) | ||
Total assets | $ | 273,160 | $ | 284,240 | ||
Liabilities and Equity | ||||||
Accounts payable | $ | 45,800 | $ | 47,980 | ||
Accrued expenses | 7,180 | 6,340 | ||||
Long-term debt | 26,500 | 29,350 | ||||
Common stock | 25,000 | 29,900 | ||||
Accumulated retained earnings | 168,680 | 170,670 | ||||
Total liabilities and equity | $ | 273,160 | $ | 284,240 | ||
Item | Source/Use | Amount | ||
Cash | (Click to select)UseSource | $ | ||
Accounts receivable | (Click to select)SourceUse | $ | ||
Inventories | (Click to select)SourceUse | $ | ||
Property, plant, and equipment | (Click to select)UseSource | $ | ||
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)UseSource | $ |
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