Question
Saved Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets
Saved Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets 2020 Current assets Cash Accounts receivable $11,000 $14,250 27,000 36,750 Inventory 75,000 96,250 Total $113,000 $147,250 Total Long-term debt Owners' equity Help Save & Exit Check my 2020 2021 $54,000 $63,750 14,800 20,500 $ 68,800 $ 84,250 $50,000 $40,000 Common stock and paid-in surplus $ 55,000 $55,000 Retained earnings Net plant and equipment $287,000 $352,750 Total Total assets 400,000 500,000 Total liabilities and owners' equity 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.) 226,200 320,750 $281,200 375,750 $ 400,000 500,000 < Prev 8 of 29 Ne> 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.) 2020 Sources/Uses 2021 Assets 47 Current assets Cash $ 11,000 $ 14,250 Accounts receivable 27,000 36,750 Inventory 75,000 96,250 Total $ 113,000 $ 147,250 Fixed assets Net plant and equipment $ 287,000 $ 352,750 ces Total assets $ 400,000 $ 500,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt $ 54,000 $ 63,750 14,800 20,500 $ 68,800 $ 84,250 $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus $ 55,000 $ 55,000 Retained earnings 226,200 320,750 Total $ 281,200 $ 375,750 Total liabilities and owners' equity $ 400.000 $ 500.000
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