Just Dew It Corporation reports
the following balance sheet information for 2014 and 2015.
JUST DEW IT CORPORATION
2014 and 2015 Balance Sheets
Assets
Liabilities and Owners’ Equity
2014
2015
2014
2015
Current assets
Current
liabilities
Cash
$
7,800
$
12,250
Accounts payable
$
46,400
$
52,750
Accounts receivable
15,800
31,000
Notes payable
20,600
26,500
Inventory
53,400
64,250
Total
$
77,000
$
107,500
Total
$
67,000
$
79,250
Long-term debt
$
46,000
$
40,000
Owners’ equity
Common stock and...