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e Homework 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 Current liabilities Current assets Accounts Inventory Total $ 7950 $ 11800Accounts payable s 40.500 45,800 20.800 Cash 29,000 47000 $ 68.250$ 87,800 23,550 Notes payable 14.850 receivable 36,750 $ 55.35066,600 Total Long-term debt Owners equity urplus $30,000S 24,000 Common stock and paid-in s 42,000 42.000 172.650267400 $214,650$309,400 Retained earn Net plant and equipment 231.750$ 312.200 Total Total assets $300,000$400,000 s and $300,000l$400.000 equity llI k Prex 3 o 4 Next>
2017 Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total 7,950 23,550 36,750 S 68,250 11,800 29,000 47,000 $ 87,800 Fixed assets s 231,750 S 300,000 $ 312,200 $ 400,000 Total assets Liabilities and Owners Equity Current liabilities Accounts payable Notes payable Total 14,850 $ 55,350 S 30,000 $45,800 20,800 $ 66,600 S 24,000 Owners equity S 42,000 172,650 $ 214,650 S 300,000 $ 42,000 267,400 s 309,400 S 400,000 Total Total liabilities and owners equity
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