For each account on this company's balance sheet, show the change in the account during 2021...

 

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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 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 Retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ 2020 11,025 22,225 44,625 77,875 272,125 350,000 43,750 24,325 68,075 35,000 42,000 204,925 $ 246,925 $ 350,000 Sources/Uses $ 11,970 26,670 51,450 $ 90,090 $ 329,910 $ 420,000 $ $ $ 2021 $ S5 47,250 24,780 72,030 21,000 42,000 284,970 $ 326,970 S 420,000 Assets Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Total assets 2020 $11.025 $11,970 22,225 26,670 44,625 51,450 $77,875 $90,090 Net plant and equipment $272,125 $329,910 350,000 420,000 Accounts payable Notes payable Total 2021 $43,750 $47,250 24,325 24,780 Total Long-term debt Owners' equity Common stock and paid-in surplus $ 42,000 $42,000 Retained earnings 204,925 284,970 Total liabilities and owners' equity 2020 $68,075 $72,030 $ 35,000 $21,000 246,925 326,970 350,000 420,000 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 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 Retained earnings Total Total liabilities and owners' equity $ $ $ $ $ $ $ $ 2020 11,025 22,225 44,625 77,875 272,125 350,000 43,750 24,325 68,075 35,000 42,000 204,925 $ 246,925 $ 350,000 Sources/Uses $ 11,970 26,670 51,450 $ 90,090 $ 329,910 $ 420,000 $ $ $ 2021 $ S5 47,250 24,780 72,030 21,000 42,000 284,970 $ 326,970 S 420,000 Assets Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Total assets 2020 $11.025 $11,970 22,225 26,670 44,625 51,450 $77,875 $90,090 Net plant and equipment $272,125 $329,910 350,000 420,000 Accounts payable Notes payable Total 2021 $43,750 $47,250 24,325 24,780 Total Long-term debt Owners' equity Common stock and paid-in surplus $ 42,000 $42,000 Retained earnings 204,925 284,970 Total liabilities and owners' equity 2020 $68,075 $72,030 $ 35,000 $21,000 246,925 326,970 350,000 420,000

Answer rating: 100% (QA)

To calculate the change in each account from 2020 to 2021 and determine if its a source or us... View the full answer