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Homework answers / question archive / 8 Just Dew lt Corporation reports the following balance sheet information for 2017 and 2018 588 Assets 2017 Current assets Cash Accounts receivable Inventory $ 1

8 Just Dew lt Corporation reports the following balance sheet information for 2017 and 2018 588 Assets 2017 Current assets Cash Accounts receivable Inventory $ 1

Accounting

8 Just Dew lt Corporation reports the following balance sheet information for 2017 and 2018 588 Assets 2017 Current assets Cash Accounts receivable Inventory $ 1.200 19.000 51,800 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 18.260 Accounts payable $ 58.400 23,100 Notes payable 23.400 54780 Total $ 85.000 2018 $ 96,140 Total $ 61,820 25.080 Long-term debt Net plant and equipment $ 81,800 $ 32,000 $ 86.900 Owners' equity Common stock and paid in Surplus Retained earnings 5 315,000 Total assets $343 860 $ 22,000 $400.000 Total $440,000 $ 44.000 242.200 Total abilities and owners $ 44,000 287100 equity $286.200 % R 6 T & 7 * 8 é ve U 9 0 H 2 0 B D
Saved 8 Current assets Cash Accounts receivable Inventory $ 18,260 5.89 $ 14,200 19,000 51,800 Current liabilities Accounts payable Notes payable 23,100 Total 54.780 $ 58,400 23,400 $ 61 $ 85.000 $ 96,140 25,0 Total Long-term debt $ 81,800 $ 86,900 $ 32,000 Net plant and equipment Owners' equity Common stock and paid-in Surplus Retained earnings $ 22,000 $ 315,000 Total assets $343,860 $ 44,000 242,200 $400,000 Total $ 44,000 287,100 $440,000 Total liabilities and owners equity $286,200 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.) $ 331,100 $400,000 $440,000 & 7 T * O C FIO 9 ) 0
enter "0" wherever required. A negative answer should be indicated by a minus sign.) 2017 Sources/Uses 2018 Assets Current assets Cash $ Accounts receivable $ 14,200 19,000 51,800 Inventory Total 18,260 23,100 54,780 96,140 $ 85.000 $ $ Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 315.000 400,000 $ $ 343,860 440,000 $ $ Total Long-term debt $ 58,400 23,400 81.800 32.000 $ $ Owners' equity Common stock and paid-in surplus Accumulated retained earrings Total Total abilities and owners' equity 61,820 25,080 86.900 22,000 $ $ 44,000 242,200 286,200 400.000 $ $ $ $ 44,000 287,100 331,100 440.00

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2017 2018 Increase/(decrease) Source/Uses
Current Assets        
Cash 14200 18260 4060  
Accounts receivable 19000 23100 4100 Use
Inventory 51800 54780 2980 Use
Total 85000 96140 11140 Use
Fixed Asset        
Net plant and equipment 315000 343860 28860 Use
Total Assets 400000 440000 40000 Use
         
Liabilities and Owners Equity        
Current Liabilities        
Accounts payable 58400 61820 3420 Source
Notes payable 23400 25080 1680 Source
Total 81800 86900 5100 Source
Long term debt 32000 22000 -10000 Use
Owners Equity        
Common stock and paid in surplus 44000 44000 0 None
Accumulated retained earnings 242200 287100 44900 Source
Total 286200 331100 44900 Source
Total liabilities and equity 400000 440000 40000 Source

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