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 2018 $ 10,200 13,200 38,640 87120 $ 115,000 138,960 2017 2018 $ 46,000 $62,160 33,120 2017 Current assets Current liabilities Cash Accounts Accounts payable Notes payable 30,200 74,600 27,800 receivable Inventorv Total Total $ 73,800 $95,280 Long-term debt $ 40,000 36,000 Owners' equity Common stock and paid-in 60,000 $60,000 surplus 226,200 288,720 $286,200 $348,720 Total liabilities and owners $400000 $480,000 Retained earnings Net plant and equipment $285,000 341,040 Total Total assets $400,000 $480,000 equity 2017 Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total 10,200 30,200 74,600 $115,000 13,200 38,640 87,120 $138,960 Fixed assets $285,000 $400,000 $ 341,040 $480,000 Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total 46,000 27,800 73,800 40,000 62,160 33,120 95,280 36,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 60,000 226,200 $ 286,200 $400,000 60,000 288,720 $ 348,720 $ 480,000 Total liabilities and owners' equity 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 2018 $ 10,200 13,200 38,640 87120 $ 115,000 138,960 2017 2018 $ 46,000 $62,160 33,120 2017 Current assets Current liabilities Cash Accounts Accounts payable Notes payable 30,200 74,600 27,800 receivable Inventorv Total Total $ 73,800 $95,280 Long-term debt $ 40,000 36,000 Owners' equity Common stock and paid-in 60,000 $60,000 surplus 226,200 288,720 $286,200 $348,720 Total liabilities and owners $400000 $480,000 Retained earnings Net plant and equipment $285,000 341,040 Total Total assets $400,000 $480,000 equity 2017 Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total 10,200 30,200 74,600 $115,000 13,200 38,640 87,120 $138,960 Fixed assets $285,000 $400,000 $ 341,040 $480,000 Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total 46,000 27,800 73,800 40,000 62,160 33,120 95,280 36,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 60,000 226,200 $ 286,200 $400,000 60,000 288,720 $ 348,720 $ 480,000 Total liabilities and owners' equity
