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

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...

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Preparing Standardized Financial Statements

Answered Same Day Dec 24, 2021

David answered on Dec 24 2021

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