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Business
Accounting
Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Accounts payable Notes payable Assets 2017 $ 9,279 23,683 42,636 $75,598 $272,047 Total Long-term debt Owners equity Common stock and paid-in surplus Accumulated retained earnings Total $347,645 Liabilities and Owners' Equity 2017 and 2018 Statement of Financial Position Total liabilities and owners' equity 2018 $ 11,173 25,760 46,915 $ 83,848 $297,967 $381,815 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity For each account on Birtle Corporation's statement of financial position, 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. Do not leave any empty spaces, Input a 0 wherever it is required. Negative answers should be Indicated by a minus sign. Omit $ sign in your response) 2017 $ 9,279 23,683 42,636 $ 75,598 $272,047 $347,645 Liabilities and Owners' Equity $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 200,428 $250,428 $347.645 Change $ S $ $ $ $ $ 2017 1204 $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 Sources/Uses (Click to select V (Click to select ✓ (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V 2018 (Click to select V (Click to select V (Click to select V (Click to select $ 43,805 16,843 $ 60,648 $35,000 $ 50,000 236,167 $286,167 $381,815 2018 $ 11,173 25,760 46,915 $ 83,848 $297,967 $381,815 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236,167 $286,167 $381,815

Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Accounts payable Notes payable Assets 2017 $ 9,279 23,683 42,636 $75,598 $272,047 Total Long-term debt Owners equity Common stock and paid-in surplus Accumulated retained earnings Total $347,645 Liabilities and Owners' Equity 2017 and 2018 Statement of Financial Position Total liabilities and owners' equity 2018 $ 11,173 25,760 46,915 $ 83,848 $297,967 $381,815 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity For each account on Birtle Corporation's statement of financial position, 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. Do not leave any empty spaces, Input a 0 wherever it is required. Negative answers should be Indicated by a minus sign. Omit $ sign in your response) 2017 $ 9,279 23,683 42,636 $ 75,598 $272,047 $347,645 Liabilities and Owners' Equity $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 200,428 $250,428 $347.645 Change $ S $ $ $ $ $ 2017 1204 $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 Sources/Uses (Click to select V (Click to select ✓ (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V (Click to select V 2018 (Click to select V (Click to select V (Click to select V (Click to select $ 43,805 16,843 $ 60,648 $35,000 $ 50,000 236,167 $286,167 $381,815 2018 $ 11,173 25,760 46,915 $ 83,848 $297,967 $381,815 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236,167 $286,167 $381,815

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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Current assets Accounts receivable Inventory Fixed assets Net plant and equipment Total assets Current assets Accounts receivable Inventory Total Net plant and equipment Assets Accounts payable Notes payable Assets $ 9,279 23,683 42,636 $75,598 $272,047 Owner's equity Common stock and paid-in surplus Accumulated retained earnings $347,645 Liabilities and Owners' Equity 2017 and 2018 Statement of Financial Position Total liabilities and owners' equity $11,173 25,760 46,915 $83,848 $297,967 $381,815 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total For each account on Birtle Corporation's statement of financial position, 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. Do not leave any empty spaces, Input a 0 wherever it is required. Negative answers should be Indicated by a minus sign. Omit $ sign in your response) Total liabilities and owners' equity $ 9,279 23,603 $ 75,598 Liabilities and Owners' Equity $347 645 $ 41,060 16, 157 $ 57.217 $ 40,000 $ 50.000 208.428 $250.428 $147,645 Change $ $ $ DEMAN 2891 $ 15 1 $ 41,060 16,157 #I $57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 Sources/Uses (Click to select ✓ Click to select ▼ (Click to select V (Click to select ✓ (Click to select (Click to select ✔ (Click to select V (Click to select ✓ Click to select $43,805 16,843 (Click to select ✓ Click to select ✓ (Click to select ✓ Click to select $ 60,648 $35,000 $50,000 236,167 $286,167 $381,815 $297,967 $43,885 16,843 $ 35,000 $50,000 $286,167 $381,815
Transcribed Image Text:Current assets Accounts receivable Inventory Fixed assets Net plant and equipment Total assets Current assets Accounts receivable Inventory Total Net plant and equipment Assets Accounts payable Notes payable Assets $ 9,279 23,683 42,636 $75,598 $272,047 Owner's equity Common stock and paid-in surplus Accumulated retained earnings $347,645 Liabilities and Owners' Equity 2017 and 2018 Statement of Financial Position Total liabilities and owners' equity $11,173 25,760 46,915 $83,848 $297,967 $381,815 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total For each account on Birtle Corporation's statement of financial position, 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. Do not leave any empty spaces, Input a 0 wherever it is required. Negative answers should be Indicated by a minus sign. Omit $ sign in your response) Total liabilities and owners' equity $ 9,279 23,603 $ 75,598 Liabilities and Owners' Equity $347 645 $ 41,060 16, 157 $ 57.217 $ 40,000 $ 50.000 208.428 $250.428 $147,645 Change $ $ $ DEMAN 2891 $ 15 1 $ 41,060 16,157 #I $57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 Sources/Uses (Click to select ✓ Click to select ▼ (Click to select V (Click to select ✓ (Click to select (Click to select ✔ (Click to select V (Click to select ✓ Click to select $43,805 16,843 (Click to select ✓ Click to select ✓ (Click to select ✓ Click to select $ 60,648 $35,000 $50,000 236,167 $286,167 $381,815 $297,967 $43,885 16,843 $ 35,000 $50,000 $286,167 $381,815
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