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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 $ 14,600 Accounts payable $ 40,000 19,200 Notes payable 14,240 51,000 $ 13,280 Current assets Cash Accounts receivable Inventory $ 41,800 21,600 7,520 42,400 Total $ 63,200 $ 84.800 Total $ 54,240 $ 63,400 Long-term debt $ 32,000 $ 24,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 40,000 193,760 $ 40,000 272,600 Net plant and equipment $256,800 $ 315,200 Total $ 233,760 $ 312,600 Total assets $320,000 $400,000 Total liabilities and owners' equity $320,000 $400,000 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 $ $ $ 13,280 7,520 42,400 63,200 14,600 19,200 51,000 84,800 $ CA CA $ $ 256,800 320,000 $ $ 315,200 400,000 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ 40,000 14,240 54,240 32,000 41,800 21,600 63,400 24,000 $ $ $ $ $ $ 40,000 193,760 233,760 320,000 40,000 272,600 312,600 400,000 $ $ $ $ $
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