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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 11,280 Accounts payable $ 39,040 20,400 Notes payable 12,960 90,480 $ 4,000 Current assets Cash Accounts receivable Inventory $ 48,720 17,280 14,880 61,920 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 60,000 160,000 $ 60,000 318,000 Net plant and equipment $239,200 $ 357,840 Total $220,000 $378,000 Total assets $320,000 $480,000 Total liabilities and owners' equity $320,000 $480,000 For each account on this company's 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.) 2017 Sources/Uses 2018 Assets Current assets Cash $ 4,000 $ Accounts receivable 11,280 20,400 90,480 122,160 14,880 61,920 80,800 Inventory Total $ $ $ $ $ 239,200 320,000 357,840 480,000 $ Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 39,040 $ 12,960 48,720 17,280 66,000 36,000 $ 52,000 $ $ 48,000 $ $ 60,000 $ Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 160,000 60,000 318,000 378,000 480,000 $ $ 220,000 320,000 $ $
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