Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner’s Equity 2018 2019 2018 2019 Current Assets Current Liabilities Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable 28,419 30,915 Notes payable 17,773 18,257 Inventory 51,163 56,295 Total $62,939 $66,442 Total $90,717 $100,617 Long term debt $44,000 $39,000 Owners’ equity Net plant and equipment $326,456 $357,560 Common stock and paid-in surplus $50,000 $50,000 Retained earnings 260,234 302,735 Total $310,234 $352,735 Total assets $417,173 $458,177 Total liabilities and owners’ equity $417,173 $458,177 Prepare the 2019 common-base year balance sheet for Just Dew It.
Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner’s Equity 2018 2019 2018 2019 Current Assets Current Liabilities Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable 28,419 30,915 Notes payable 17,773 18,257 Inventory 51,163 56,295 Total $62,939 $66,442 Total $90,717 $100,617 Long term debt $44,000 $39,000 Owners’ equity Net plant and equipment $326,456 $357,560 Common stock and paid-in surplus $50,000 $50,000 Retained earnings 260,234 302,735 Total $310,234 $352,735 Total assets $417,173 $458,177 Total liabilities and owners’ equity $417,173 $458,177 Prepare the 2019 common-base year balance sheet for Just Dew It.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
|
Just Dew It Corporation 2018 and 2019 Balance Sheets |
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Assets |
Liabilities and Owner’s Equity |
||||
|
|
2018 |
2019 |
|
2018 |
2019 |
|
Current Assets |
|
|
Current Liabilities |
|
|
|
Cash |
$11,135 |
$13,407 |
Accounts payable |
$45,166 |
$48,185 |
|
Accounts Receivable |
28,419 |
30,915 |
Notes payable |
17,773 |
18,257 |
|
Inventory |
51,163 |
56,295 |
Total |
$62,939 |
$66,442 |
|
Total |
$90,717 |
$100,617 |
|
|
|
|
|
|
|
Long term debt |
$44,000 |
$39,000 |
|
|
|
|
|
|
|
|
|
|
|
Owners’ equity |
|
|
|
Net plant and equipment |
$326,456 |
$357,560 |
Common stock and paid-in surplus |
$50,000 |
$50,000 |
|
|
|
|
|
260,234 |
302,735 |
|
|
|
|
Total |
$310,234 |
$352,735 |
|
|
|
|
|
|
|
|
Total assets |
$417,173 |
$458,177 |
Total liabilities and owners’ equity |
$417,173 |
$458,177 |
Prepare the 2019 common-base year
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