Preparing Standardized Financial Statements
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JUST DEW IT CORPORATION
Balance Sheets as of December 31, 2001 and 2002
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2001
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2002
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2001
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2002
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Assets
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Liabilities and Owners' Equity
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Current assets
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Current liabilities
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Cash
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$ 9,201
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$ 9,682
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Accounts payable
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$ 71,802
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$ 56,382
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Accounts receivable
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28,426
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29,481
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Notes payable
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36,108
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50,116
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Inventory
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54,318
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63,682
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Total
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$107,910
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$106,498
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Total
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$ 91,945
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$102,845
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Long-term debt
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$ 50,000
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$ 35,000
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Fixed assets
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Owners' equity
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Net plant and equipment
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$296,418
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$327,154
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Common stock and
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Total assets
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$388,363
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$429,999
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paid-in surplus
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$ 75,000
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$ 75,000
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Retained earnings
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155,453
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213,501
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Total
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$230,543
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$288,501
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Total liabilities and owners' equity
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$388,363
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$429,999
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