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Cash Accounts receivable nventory Total current assets Fixed assets Less: accumulated depreciation Net fixed assets Total assets Accounts payable Accrued expenses Current portion of debt Total current liabilities Long-term debt Total liabilities Owners' equity Total liabilities & owner's equity 2019 35,000 12,000 650 47,650 65,000 (40,000) 25,000 72,650 2,200 650 1,200 4,050 18,000 22,050 50,600 72,650 2020 45,000 10,000 500 55,500 65,000 (47,500) 17,500 73,000 800 850 1,600 3,250 16,000 19,250 53,750 73,000 2021 65,000 16,000 200 81,200 70,000 (56,000) 14,000 95,200 1,000 950 1,500 3,450 15,000 18,450 76,750 95,200 2022 100,000 15,000 350 115,350 35,000 (58,500) (23,500) 91,850 1,100 450 1,000 2,550 14,500 17,050 74,800 91,850

Cash Accounts receivable nventory Total current assets Fixed assets Less: accumulated depreciation Net fixed assets Total assets Accounts payable Accrued expenses Current portion of debt Total current liabilities Long-term debt Total liabilities Owners' equity Total liabilities & owner's equity 2019 35,000 12,000 650 47,650 65,000 (40,000) 25,000 72,650 2,200 650 1,200 4,050 18,000 22,050 50,600 72,650 2020 45,000 10,000 500 55,500 65,000 (47,500) 17,500 73,000 800 850 1,600 3,250 16,000 19,250 53,750 73,000 2021 65,000 16,000 200 81,200 70,000 (56,000) 14,000 95,200 1,000 950 1,500 3,450 15,000 18,450 76,750 95,200 2022 100,000 15,000 350 115,350 35,000 (58,500) (23,500) 91,850 1,100 450 1,000 2,550 14,500 17,050 74,800 91,850

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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what was the net capital spending in 2021 and 2022 please avoid solutions image based thnx
Balance sheets Cash Accounts receivable Inventory Total current assets Fixed assets Less: accumulated depreciation Net fixed assets Total assets Accounts payable Accrued expenses Current portion of debt Total current liabilities Long-term debt Total liabilities Owners' equity Total liabilities & owner's equity 2019 35,000 12,000 650 47,650 65,000 (40,000) 25,000 72,650 2,200 650 1,200 4,050 18,000 22,050 50,600 72,650 2020 45,000 10,000 500 55,500 65,000 (47,500) 17,500 73,000 800 850 1,600 3,250 16,000 19,250 53,750 73,000 2021 65,000 100,000 16,000 15,000 200 350 81,200 115,350 70,000 (56,000) 14,000 95,200 1,000 950 1,500 3,450 15,000 18,450 76,750 2022 95,200 35,000 (58,500) (23,500) 91,850 1,100 450 1,000 2,550 14,500 17,050 74,800 91,850
Transcribed Image Text:Balance sheets Cash Accounts receivable Inventory Total current assets Fixed assets Less: accumulated depreciation Net fixed assets Total assets Accounts payable Accrued expenses Current portion of debt Total current liabilities Long-term debt Total liabilities Owners' equity Total liabilities & owner's equity 2019 35,000 12,000 650 47,650 65,000 (40,000) 25,000 72,650 2,200 650 1,200 4,050 18,000 22,050 50,600 72,650 2020 45,000 10,000 500 55,500 65,000 (47,500) 17,500 73,000 800 850 1,600 3,250 16,000 19,250 53,750 73,000 2021 65,000 100,000 16,000 15,000 200 350 81,200 115,350 70,000 (56,000) 14,000 95,200 1,000 950 1,500 3,450 15,000 18,450 76,750 2022 95,200 35,000 (58,500) (23,500) 91,850 1,100 450 1,000 2,550 14,500 17,050 74,800 91,850
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