Question

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.

  

JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets
Assets									Liabilities and Owners’ Equity
	2017				2018					2017				2018
Current assets									Current liabilities
Cash	$	14,200			$	18,260			Accounts payable	$	58,400			$	61,820
Accounts receivable		19,000				23,100			Notes payable		23,400				25,080
Inventory		51,800				54,780
Total	$	85,000			$	96,140			Total	$	81,800			$	86,900
									Long-term debt	$	32,000			$	22,000
									Owners’ equity
									Common stock and paid-in surplus	$	44,000			$	44,000
									Retained earnings		242,200				287,100
Net plant and equipment	$	315,000			$	343,860			Total	$	286,200			$	331,100
Total assets	$	400,000			$	440,000			Total liabilities and owners’ equity	$	400,000			$	440,000

For each account on this company’s balance sheet, show the change in the account during 2018 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.)

	2017		Sources/Uses	2018
Assets
Current assets
Cash	$14,200	?	?	$18,260
Accounts receivable	19,000	?	?	23,100
Inventory	51,800	?	?	54,780
Total	$85,000	?	?	$96,140
Fixed assets
Net plant and equipment	$315,000	?	?	$343,860
Total assets	$400,000	?	?	$440,000
Liabilities and Owners’ Equity
Current liabilities
Accounts payable	$58,400	?	?	$61,820
Notes payable	23,400	?	?	25,080
Total	$81,800	?	?	$86,900
Long-term debt	$32,000	?	?	$22,000
Owners' equity
Common stock and paid-in surplus	$44,000	?	?	$44,000
Accumulated retained earnings	242,200	?	?	287,100
Total	$286,200	?	?	$331,100
Total liabilities and owners' equity	$400,000	?	?	$440,000

Answer 1