Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 $ 17,631 $14,588 35,258 41,019 65,567 71,505 $115,413 $130,155 Net plant and equipment $ 477,413 $498,421 $ 592,826 $ 628,576 Liabilities and Owners' Equity 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 Prepare the 2021 common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 2020 2021 $ 55,653 $63,073 21,895 25,324 $77,548 $88,397 $58,000 $62,000 60,000 $60,000 397,278 418,179 $ 457,278 $ 478,179 $ $ 592,826 628,576
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 $ 17,631 $14,588 35,258 41,019 65,567 71,505 $115,413 $130,155 Net plant and equipment $ 477,413 $498,421 $ 592,826 $ 628,576 Liabilities and Owners' Equity 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 Prepare the 2021 common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 2020 2021 $ 55,653 $63,073 21,895 25,324 $77,548 $88,397 $58,000 $62,000 60,000 $60,000 397,278 418,179 $ 457,278 $ 478,179 $ $ 592,826 628,576
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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