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JUST DEW IT CORPORATION . 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets Current liabilities $ 39,040 48,720 17,280 $ 4,000 11.280 20,400 90,480 $80,800 122,160 Cash Accounts Accounts payable Notes payable 14,880 12,960 receivable Inventory 61,920 Total $52.000 66,000 $ 48,000 36,000 Total Long-term debt Owners equity surplus Common stock and paid-in $60,000 60,000 160,000 318,000 $220,000 $378.000 Total liabilities and owners $320,000 $480,000 Retained earnings Net plant and equipment $239,200 357,840 Total Total assets $320,000 $480,000 equity
2017 Sources/Uses 2018 Assets Current assets Cash Accounts receivable Inventory Total 4,000 14,880 61,920 S 80,800 S 11,280 20,400 90,480 $ 122,160 Fixed assets Net plant and equipment Total assets $ 239,200 S 320,000 S 357,840 S 480,000 Liabilities and Owners Equity Current liabilities Accounts payable Notes payable Total s39,040 12,960 $52,000 $ 48,000 $ 48,720 17,280 S 66,000 S 36,000 Long-term debt Owners equity Common stock and paid-in surplus Accumulated retained earnings Total 60,000 160,000 $ 220,000 S 320,000 S60,000 318,000 S 378,000 480,000 Total liabilities and owners equity
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Particulars Assets Current assets Cash Accounts receivable Invento Total Fixed assets Net plant and equipment Total assets Liabilities and owners equit Current liabilities Accounts payable Botes payable Total Long term debt Owner equi Common stock and paid in surplus | $ 60,000.00 | Accumulated retained earnings$160,000.00 Total Total lianilities and owners equity| $320,000.00| 2017 2018 $ 4,000.00! 1.25%) $11,280.00! 2.35% $ 14,880.00 | 4.65%) $ 20,400.00 | 4.25% $ 61,920.00 | 19.35%) $ 90,480.00 | 18.85% $80,800.00| 25.25%) $ 122,160.00 | 25.45% $239,200.00| 74.75%) $357,840.00 | 74.55% $320,000.00 | 100% $480,000.001 100% $ 39,040.00 | 12.20%) $ 48,720.00 | 10.15% $ 12,960.00 | 4.05%) $ 17,280.00 3.60% $ 52,000.00 | 16.25%) $ 66,000.00 13.75% $ 48,000.00 15%) $ 36,000.00 7.50% 18.75%) $ 60,000.00 50%) $318,000.00 | 68.75%) $378,000.00 | 100% $480,000.00| 12.50% 66.25% 78.75% 100% $220,000.00 |

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