FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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B
k
es
For each account on this company's balance sheet, show the change in the account
during 2021 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.)
Current assets
Cash
Accounts receivable
Inventory
Total
Fixed assets
Net plant and equipment
Total assets
Liabilities and Owners' Equity
Current liabilities
Assets
Accounts payable
Notes payable
Total
Long-term debt
Owners' equity
Common stock and paid-in surplus
Retained earnings
Total
Total liabilities and owners' equity
$
$
$
$
$
$
$
$
$
$
2020
13,280
7,520
42,400
63,200
256,800
320,000
40,000
14,240
54,240
32,000
40,000
193,760
233,760
320,000
Sources/Uses
$
$
$
$
$
$
$
2021
$
$
$
14,600
19,200
51,000
84,800
315,200
400,000
41,800
21,600
63,400
24,000
40,000
272,600
312,600
400,000
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Transcribed Image Text:B k es For each account on this company's balance sheet, show the change in the account during 2021 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.) Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Assets Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ $ $ 2020 13,280 7,520 42,400 63,200 256,800 320,000 40,000 14,240 54,240 32,000 40,000 193,760 233,760 320,000 Sources/Uses $ $ $ $ $ $ $ 2021 $ $ $ 14,600 19,200 51,000 84,800 315,200 400,000 41,800 21,600 63,400 24,000 40,000 272,600 312,600 400,000
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