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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021.

JUST DEW IT CORPORATION
2020 and 2021 Balance Sheets
Assets 2020 2021 Liabilities and Owners Equity 2020 2021
Current assets Current liabilities
Cash $ 11,000 $ 14,250 Accounts payable $ 54,000 $ 63,750
Accounts receivable 27,000 36,750 Notes payable 14,800 20,500
Inventory 75,000 96,250
Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250
Long-term debt $ 50,000 $ 40,000
Owners equity
Common stock and paid-in surplus $ 55,000 $ 55,000
Retained earnings 226,200 320,750
Net plant and equipment $ 287,000 $ 352,750 Total $ 281,200 $ 375,750
Total assets $ 400,000 $ 500,000 Total liabilities and owners equity $ 400,000 $ 500,000

For each account on this companys balance sheet, show the change in the account during 2021 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.)image text in transcribed

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 11,000 $14,250 Accounts payable 27,000 36,750 Notes payable 75,000 96,250 $ 54,000 $ 63,750 14,800 20,500 Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings 226,200 320,750 Net plant and equipment $ 287,000 $352,750 Total $ 281,200 $ 375,750 Total assets $ $ 400,000 500,000 Total liabilities and owners' equity $ $ 400,000 500,000 For each account on this company's balance sheet, show the change in the account during 2021 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.) 2020 Sources/Uses 2021 Assets Current assets Cash $ $ Accounts receivable Inventory Total 11,000 27,000 75,000 113,000 14,250 36,750 96,250 147,250 $ $ $ $ 287,000 400,000 $ $ 352,750 500,000 $ $ 63,750 20,500 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 Retained earnings Total Total liabilities and owners' equity 54,000 14,800 68,800 50,000 $ $ 84,250 40,000 $ $ $ $ 55,000 226,200 281,200 $ 400,000 $ 55,000 320,750 375,750 500,000 $ $ $ $

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