Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) |
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Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew It. (Do not round...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 8,850 $ 14,200 Accounts payable $ 37,500 $ 46,600 Accounts receivable 15,750 23,000 Notes payable 11,850 19,400 Inventory 34,650 52,200 Total $ 59,250 $ 89,400 Total $ 49,350 $ 66,000 Long-term debt $ 27,000 $ 24,000 Owners’ equity Common stock and...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 7,400 $ 15,120 Accounts payable $ 61,600 $ 62,160 Accounts receivable 23,400 25,200 Notes payable 14,400 18,240 Inventory 76,200 89,040 Total $ 107,000 $ 129,360 Total $ 76,000 $ 80,400 Long-term debt $ 48,000 $ 36,000 Owners’ equity Common stock and...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 2018 $ Current assets Cash Accounts receivable Inventory 6,600 12,200 78.200 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 12,750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ 122,250 Total $ 69.000 Long-term debt $ 48,000 $ 68,750 35,500 Total $ 97,000 $ 104,250 $ 45,000 Owners' equity Common stock and paid-in...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 2017 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2018 2017 2018 Current liabilities $ 6,600 $ 12,750 Accounts payable $50,000 $ 68,750 12,200 14.250 Notes payable 19,000 35,500 78,200 95,250 $ 97,000 $ 122,250 Total $ 69,000 $104.250 Long-term debt $ 48,000 $ 45,000 Total Owners' equity Common stock and paid-in surplus Retained...
just dew it corporation reports the following balance sheet information for 2017 and 2018 7,800 Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,200 Accounts payable $ 37,500 23,000 Notes payable 11,850 52,200 Current assets Cash Accounts receivable Inventory $ 8,850 15,750 34,650 $ 46,600 19,400 Total $ 59,250 $ 89,400 Total $ 49,350 $ 27,000 $ 66,000 $ 24,000 Long-term debt Owners' equity Common stock and...
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 11,250 $ 19,440 Accounts payable $ 30,600 $ 49,200 Accounts receivable 11,850 16,080 Notes payable 24,900 31,200 Inventory 39,150 60,240 Total $ 62,250 $ 95,760 Total $ 55,500 $ 80,400 Long-term debt $ 27,000 $ 24,000 Owners’ equity Common stock and paid-in surplus $ 48,000 $ 48,000 Retained earnings 169,500 327,600 Net plant and equipment $...
Preparing Standardized Financial Statements [LO1] Prepare the 2018 combined common-size, common-base year balance sheet for Just Dew It. Sources and Uses of Cash [LO1] 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. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners’ equity. JUST DEW IT...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 17,775 Accounts payable $ 46,875 16,425 Notes payable 19,125 56,925 Assets 2017 Current assets Cash $ 12,000 Accounts receivable 12,750 Inventory 50,250 2018 $ $ 55,575 24,750 Total $ 75,000 $ 91,125 Total $ 66,000 $ 30,000 $ 80,325 $ 27,000 Long-term debt Owners' equity Common stock and paid-in...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 7,800 $ 12,250 Accounts payable $ 46,400 $ 52,750 Accounts receivable 15,800 31,000 Notes payable 20,600 26,500 Inventory 53,400 64,250 Total $ 77,000 $ 107,500 Total $ 67,000 $ 79,250 Long-term debt $ 46,000 $ 40,000 Owners’ equity Common stock and...