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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 $ 12,750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 68,750 6,600 12,200 78,200 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250 Long-term debt $ 48,000 $ 45,000 Owners' equity Common stock and paid-in $ 50,000 surplus Retained earnings 233,000 $ 50,000 300,750 Net plant and equipment $303,000 $ 377,750 Total $283,000 $ 350,750 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 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 $ 12,750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 68,750 6,600 12,200 78,200 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250 Long-term debt $ 48,000 $ 45,000 Owners' equity Common stock and paid-in $ 50,000 surplus Retained earnings 233,000 $ 50,000 300,750 Net plant and equipment $303,000 $ 377,750 Total $283,000 $ 350,750 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
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