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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. |
JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets | ||||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||||
2014 | 2015 | 2014 | 2015 | |||||||||||||
Current assets | Current liabilities | |||||||||||||||
Cash | $ | 7,950 | $ | 11,800 | Accounts payable | $ | 40,500 | $ | 45,800 | |||||||
Accounts receivable | 23,550 | 29,000 | Notes payable | 14,850 | 20,800 | |||||||||||
Inventory | 36,750 | 47,000 | ||||||||||||||
Total | $ | 68,250 | $ | 87,800 | Total | $ | 55,350 | $ | 66,600 | |||||||
Long-term debt | $ | 30,000 | $ | 24,000 | ||||||||||||
Owners equity | ||||||||||||||||
Common stock and paid-in surplus | $ | 42,000 | $ | 42,000 | ||||||||||||
Retained earnings | 172,650 | 267,400 | ||||||||||||||
Net plant and equipment | $ | 231,750 | $ | 312,200 | Total | $ | 214,650 | $ | 309,400 | |||||||
Total assets | $ | 300,000 | $ | 400,000 | Total liabilities and owners equity | $ | 300,000 | $ | 400,000 | |||||||
For each account on this companys balance sheet, show the change in the account during 2015 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. Negative amounts should be indicated by a minus sign.) |
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