Question: 9 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 10 points Skipped Assets 2017 2018 Current assets Cash Accounts

 9 Just Dew It Corporation reports the following balance sheet information

9 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 10 points Skipped Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,105 Accounts payable $ 46.382 32,815 Notes payable 18.246 57204 $ 12.157 29,382 54,632 $ 49,276 19,784 eBook Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060 References Long-term debt $ 49,000 $ 45,000 Owners' equity Common stock and paid in surplus Retained earnings $ 50.000 $ 50.000 315,894 299.784 Net plant and equipment $367,241 $375,830 Total $ 349,784 $365.894 Total assets $463,412 $479,954 Total liabilities and owners' equity $ 463,412 $ 479.954 Prepare the 2018 common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) 2017 2018 Assets $ 14,105 32,815 12.157 $ 29,382 54.632 96,171 $ 57,204 104 124 $ $ 367 241 $ 463,412 $ 375,830 479.954 $ Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 46,382 $ 18.246 64.628 $ 49,000 $ 49,276 19,784 69,060 45,000 $ $ $ 50,000 315,894 50,000 $ 299,784 349.784 $ 463,412 $ $ 365,894 479,954 $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!