Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Current assets Cash

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021.

 

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Current assets Cash Accounts receivable Inventory Total Assets Net plant and equipment Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 $ 14,588 $ 17,631 35,258 41,019 65,567 71,505 $115,413 $130,155 $477,413 $498,421 $592,826 $628,576 Liabilities and Owners' Equity 2020 2021 Current liabilities Accounts payable $ 55,653 $ 63,073 Notes payable 21,895 25,324 Total $77,548 $ 88,397 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $58,000 $62,000 $ 60,000 $60,000 397,278 418,179 $457,278 $478,179 $592,826 $628,576 Current assets Cash Accounts receivable Inventory Total Assets Net plant and equipment Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 $ 14,588 $ 17,631 35,258 41,019 65,567 71,505 $115,413 $130,155 $477,413 $498,421 $592,826 $628,576 Liabilities and Owners' Equity 2020 2021 Current liabilities Accounts payable $ 55,653 $ 63,073 Notes payable 21,895 25,324 Total $77,548 $ 88,397 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $58,000 $62,000 $ 60,000 $60,000 397,278 418,179 $457,278 $478,179 $592,826 $628,576

Answer rating: 100% (QA)

1A CommonSize Balance Sheet 2020 Assets Current assets 77548 592826 01308 or 1308 Net plant and equipment 457278 592826 07714 or 7714 Total assets 592... View the full answer