Question: Prepare the 2009 common-base year balance sheet for Just Dew It. JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity

Prepare the 2009 common-base year balance sheet for Just Dew It.

Prepare the 2009 common-base year balance sheet for Just Dew


JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Current liabilities Cash Accounts S 8,436 10,157 Accounts payable 43,050 $ 46,821 21,530 23,406 Notes payable18,38417.382 $ 61.434 $ 64,203 receivable Inventory 38,760 42,650 Total Total $ 68,726 S 76,213 s 25,000 32,000 Long-term debt Owners' equity Common stock and paid-in surplus 40,000 40,000 Retained earnings168,998188,316 $208,998 $228,316 Net plant and equipment $226,706 $248,306 Total Total liabilities and Total assets $295,432 $324,519 owners' equity $295,432 $324,519

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