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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 5 nts Assets 2017 2018 eBook JUST DEW IT CORPORATION 2017
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 5 nts Assets 2017 2018 eBook JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 13,275 Accounts payable $ 52,560 29,925 Notes payable 19,260 82,575 eferences Current assets Cash Accounts receivable Inventory $ 60,750 $ 10,620 21,420 24,075 67,860 Total $ 99,900 $ 125,775 Total $ 71,820 $ 84,825 Long-term debt $ 36,000 $ 27,000 Owners' equity Common stock and paid in surplus Retained earnings $ 45,000 $ 45,000 293,175 207180 Net plant and equipment $ 260,100 $324,225 Total $ 252,180 $ 338,175 Total assets $360,000 $450,000 Total liabilities and owners' equity $360,000 $450,000 enter "0" wherever required. A negative answer should be indicated by a minus sign.) 2017 Sources/Uses 2018 Assets Current assets Cash $ $ 10,620 21,420 67,860 99,900 13,275 29,925 82,575 125,775 $ $ $ $ $ 260,100 360,000 324 225 450,000 $ Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ 52,560 19,260 71,820 36,000 60,750 24,075 84,825 27,000 $ $ $ $ $ 45,000 $ 45,000 293,175 338,175 450,000 207,180 252,180 360,000 $ $ $ $
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