Current assets Cash Accounts receivable S Inventory Total Net plant and equipment Total assets Assets Fixed assets 2017 $ 10,200 30,200 74,600 $ 115,000 Current assets Cash Accounts receivable Inventory Total $285,000 $400,000 Assets 2018 Net plant and equipment $ 13,200 38,640 87,120 $138,960 $ 341,040 $480,000 $ $ 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in Retained earnings surplus 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 "0" wherever required. A negative answer should be indicated by a minus sign.) Liabilities and Owners' Equity 2017 Total 10,2003 30,200 74,600 115,000 Total liabilities and owners' equity $ 285,000 Sources/Uses $ 46,000 27,800 $ 73,800 $ $ 40,000 $ 60,000 226,200 $286,200 $400,000 2018 13,200 38,640 87,120 5 138,960 2018 $ 62,160 33,120 $ 95,280 $ 36,000 $ 60,000 288,720 $348,720 $480,000
Current assets Cash Accounts receivable S Inventory Total Net plant and equipment Total assets Assets Fixed assets 2017 $ 10,200 30,200 74,600 $ 115,000 Current assets Cash Accounts receivable Inventory Total $285,000 $400,000 Assets 2018 Net plant and equipment $ 13,200 38,640 87,120 $138,960 $ 341,040 $480,000 $ $ 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in Retained earnings surplus 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 "0" wherever required. A negative answer should be indicated by a minus sign.) Liabilities and Owners' Equity 2017 Total 10,2003 30,200 74,600 115,000 Total liabilities and owners' equity $ 285,000 Sources/Uses $ 46,000 27,800 $ 73,800 $ $ 40,000 $ 60,000 226,200 $286,200 $400,000 2018 13,200 38,640 87,120 5 138,960 2018 $ 62,160 33,120 $ 95,280 $ 36,000 $ 60,000 288,720 $348,720 $480,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Current assets
Cash
Accounts
receivable
Inventory
Total
Net plant and
equipment
Total assets
Current assets
Cash
Assets
Fixed assets
2017
$ 10,200
30,200
74,600
$ 115,000
Accounts receivable
Inventory
Total
$285,000
$400,000
Assets
2018
Net plant and equipment
$ 13,200
38,640
87,120
$ 138,960
$ 341,040
$480,000
$
$
$
2017
Current liabilities
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 "0" wherever required. A negative answer should be indicated by a minus sign.)
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in
Retained earnings
surplus
Liabilities and Owners' Equity
2017
Total
10,2003
30,200
74,600
115,000
Total liabilities and owners'
equity
285,000
Sources/Uses
$
$
$
$ 46,000
27,800
$ 73,800
$ 40,000
$ 60,000
226,200
$286,200
$400,000
2018
13,200
38,640
87,120
138,960
341,040
2018
$ 62,160
33,120
$ 95,280
$ 36,000
$ 60,000
288,720
$348,720
$480,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F060b28ab-8f7a-4825-9e9f-4f6419e5e759%2Fb205e22f-9771-4188-94df-8fb30ef5a679%2F4bazj64_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current assets
Cash
Accounts
receivable
Inventory
Total
Net plant and
equipment
Total assets
Current assets
Cash
Assets
Fixed assets
2017
$ 10,200
30,200
74,600
$ 115,000
Accounts receivable
Inventory
Total
$285,000
$400,000
Assets
2018
Net plant and equipment
$ 13,200
38,640
87,120
$ 138,960
$ 341,040
$480,000
$
$
$
2017
Current liabilities
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 "0" wherever required. A negative answer should be indicated by a minus sign.)
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in
Retained earnings
surplus
Liabilities and Owners' Equity
2017
Total
10,2003
30,200
74,600
115,000
Total liabilities and owners'
equity
285,000
Sources/Uses
$
$
$
$ 46,000
27,800
$ 73,800
$ 40,000
$ 60,000
226,200
$286,200
$400,000
2018
13,200
38,640
87,120
138,960
341,040
2018
$ 62,160
33,120
$ 95,280
$ 36,000
$ 60,000
288,720
$348,720
$480,000
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