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This is all the information the question has? I thought this solves even the hardest problems? Just 2018. It Corporation reports the following balance sheet
This is all the information the question has? I thought this solves even the hardest problems?
Just 2018. It Corporation reports the following balance sheet information for 201 and Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,105 Accounts payable $ 46,382 32,815 Notes payable 18,246 57,204 $ 12,157 Current assets Cash Accounts receivable Inventory $ 49,276 19,784 29,382 54,632 Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 50,000 299,784 $ 50,000 315,894 Net plant and equipment $367,241 $375,830 Total $349,784 $365,894 Total assets $463,412 $479,954 Total liabilities and owners' equity $ 463,412 $ 479,954 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 "O" wherever required. A negative answer should be indicated by a minus sign.) 2017 Sources/Uses 2018 $ $ 12,157 29,382 54,632 96,171 14,105 32,815 57,204 104,124 GA $ $ $ $ 367,241 463,412 $ $ 375,830 479,954 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 $ $ $ 46,382 18,246 64,628 49,000 49,276 19,784 69,060 45,000 $ $ $ $ $ $ 50,000 299,784 349,784 463,412 50,000 315,894 365,894 479,954 $ $ $ $Step by Step Solution
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