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 |
|||||
|
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 balance sheet for Just Dew It.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education