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Item9 10points Return to question Item9 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017
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Item9
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. |
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2017 | 2018 | 2017 | 2018 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 12,157 | $ | 14,105 | Accounts payable | $ | 46,382 | $ | 49,276 | |||||||
Accounts receivable | 29,382 | 32,815 | Notes payable | 18,246 | 19,784 | |||||||||||
Inventory | 54,632 | 57,204 | ||||||||||||||
Total | $ | 96,171 | $ | 104,124 | Total | $ | 64,628 | $ | 69,060 | |||||||
Long-term debt | $ | 49,000 | $ | 45,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 50,000 | $ | 50,000 | ||||||||||||
Retained earnings | 299,784 | 315,894 | ||||||||||||||
Net plant and equipment | $ | 367,241 | $ | 375,830 | Total | $ | 349,784 | $ | 365,894 | |||||||
Total assets | $ | 463,412 | $ | 479,954 | Total liabilities and owners equity | $ | 463,412 | $ | 479,954 | |||||||
For each account on this companys balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign.) |
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