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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 Liabilities
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets 2020 2021 Current assets Cash Accounts receivable Inventory $ 7,050 25,050 55,650 $10,600 28,800 72.200 Total $ 87,750 $111,600 Total Long-term debt Owners' equity 2020 2021 $ 34,500 $ 40,600 21,150 21,800 $55,650 $62.400 $ 36,000 $33,000 Common stock and paid-in surplus $ 48,000 $48,000 Retained earnings 160,350 256,600 $ Net plant and equipment $ 212,250 Total 288,400 $ 208.350 $ 208.350 304,600 $ Total assets Total liabilities and owners' equity 300,000 400,000 300,000 400,000 For each account on this company's balance sheet, show the change in the account 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 "O" wherever required. A negative answer should be indicated by a minus sign.) 2020 Sources/Uses 2021 Assets. Current assets es Cash Accounts receivable Inventory Total $ 7,050 $ 10,600 25,050 28,800. 55,650 72,200 $ 87,750 $ 111,600 Fixed assets Net plant and equipment $ 212,250 Total assets $ 300,000 $ SS $ 288,400 400,000 Liabilities and Owners' Equity Current liabilities Accounts payable $ 34,500 Notes payable 21,150 Total Long-term debt $ 55.650 36,000 $ 40,600 21,800 $ 62,400 $ 33,000 < Prev 7 of 10 Next > 2020 Assets Sources/Uses 2021 Current assets Cash Accounts receivable Inventory 7,050 $ 10,600 25,050 28,800 55,650 72,200 Total $ 87,750 $ 111,600 Fixed assets Net plant and equipment $ 212,250 $ 288,400 Total assets $ 300,000 $ 400,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt 34,500 $ 40,600 21,150 21,800 55,650 $ 62,400 $ 36,000 $ 33,000 Owners' equity Common stock and paid-in surplus $ 48,000 48,000 Retained earnings 160,350 256,600 Total $ 208,350 $ 304,600 Total liabilities and owners' equity $ 300.000 $ 400,000
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