JUST DEW IT CORPORATION
SuperClass (Not rated)
(Not rated)
Preparing Standardized Financial Statements
JUST DEW IT CORPORATION Balance Sheets as of December 31, 2001 and 2002 | ||||||
2001 | 2002 | 2001 | 2002 | |||
Assets | Liabilities and Owners’ Equity | |||||
Current assets | Current liabilities | |||||
Cash | $ 9,201 | $ 9,682 | Accounts payable | $ 71,802 | $ 56,382 | |
Accounts receivable | 28,426 | 29,481 | Notes payable | 36,108 | 50,116 | |
Inventory | 54,318 | 63,682 | Total | $107,910 | $106,498 | |
Total | $ 91,945 | $102,845 | Long-term debt | $ 50,000 | $ 35,000 | |
Fixed assets | Owners’ equity | |||||
Net plant and equipment | $296,418 | $327,154 | Common stock and | |||
Total assets | $388,363 | $429,999 | paid-in surplus | $ 75,000 | $ 75,000 | |
Retained earnings | 155,453 | 213,501 | ||||
Total | $230,543 | $288,501 | ||||
Total liabilities and owners’ equity | $388,363 | $429,999
|
- 8 years ago
JUST DEW IT CORPORATION A+ Tutorial use as Guide
NOT RATED
Purchase the answer to view it
- just_dew_it_corporation.docx