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S Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets
S Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Assets 2020 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash Accounts receivable Inventory $ 13,280 7,520 42,400 $14,600 Accounts payable 19,200 51,000 Notes payable $40,000 $41,800 14,240 21,600 Total $ 63,200 $ 84,800 Total Long-term debt $54,240 $63,400 $32,000 $24,000 Owners' equity Common stock and paid-in surplus $40,000 $40,000 Retained earnings 193,760 272,600 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 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 "O" wherever required. A negative answer should be indicated by a minus sign.) Assets Current assets 2020 Sources/Uses 2021
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