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n 2020 2021 Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance
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2020 2021 Just Dew It Corporation reports the following balance sheet information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 4,000 $11,280 Accounts payable Accounts receivable 14,880 20,400 Notes payable Inventory 61,920 90,480 Total $ 80,800 $ 122,160 Total Long-term debt $ 39,040 $ 48,720 12,960 17280 $ 52,000 $ 66,000 $ 48,000 $ 36,000 Owners' equity Common stock and paid-in surplus $ 60.000 $ 60,000 Retained earnings 160,000 318,000 Net plant and equipment 239,200 $ 357,840 Total 220.000 378,000 Total assets Total liabilities and owners' equity 320,000 480,000 $ $ 320,000 480,000 For each account on this company's balance sheet, show the change in the account during 2021 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.) 2020 Sources/Uses 2021 Assets Current assets $ ces 4,000 14,880 61,920 80,800 11 280 20,400 90.480 122 160 GA S $ 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 GAIGA 239,200 320,000 357 840 480,000 $ $ $ 39.040 12.960 52.000 48.000 48 720 17.280 66,000 36.000 S Ron S VURE GA 4,000 14,880 61.920 80,800 11,280 20.400 90,480 122, 160 $ $ $ $ $ 239,200 320,000 357,840 480.000 $ 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 Retained earnings Total Total liabilities and owners' equity $ 39,040 12.960 52,000 48,000 $ 48,720 17.280 66,000 36,000 S $ $ $ $ 60,000 160.000 220,000 320,000 5 $ 60.000 318.000 378,000 480.000 $ S Step by Step Solution
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