Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. balance sheet. from the following balance sheet ac

Balance sheet. From the following balance sheet accounts in the popup window, B a. construct...

90.2K

Verified Solution

Question

Accounting

imageimage

Balance sheet. From the following balance sheet accounts in the popup window, B a. construct a balance sheet for 2016 and 2017. b. list all the working capital accounts. c. find the net working capital for the years ending 2016 and 2017. d. calculate the change in net working capital for the year 2017. Dalance sheet as On December 1, 2010, anu vecember 1, 201 ASSETS 2016 2017 LIABILITIES 2016 2017 Current assets Current liabilities TA $ $ Total current liabilities Total current assets Total liabilities Fixed assets OWNERS' EQUITY $ $ $ $ Total owners' equity TOTAL LIABILITIES AND TOTAL ASSETS OWNERS' EQUITY $ Balance Sheet Accounts of Roman Corporation Balance Balance Account 12/31/2016 12/31/2017 Accumulated depreciation $2,023 $2,670 Accounts payable $1,795 $2,052 Accounts receivable $2,490 $2,697 Cash $1,305 $1,100 Common stock $4,995 $4,995 Inventory $5,810 $6,033 Long-term debt $7,808 $8,200 Plant, property, and equipment $8,401 $9,197 Retained earnings $1,385 $1,110

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students