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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Preparing Standardized Financial Statements
|
JUST DEW IT CORPORATION Balance Sheets as of December 31, 2001 and 2002 |
||||||
| Â |
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 |
|
| Â | Â | Â |
Retained earnings |
155,453 |
213,501 |
|
| Â | Â | Â |
Total |
$230,543 |
$288,501 |
|
| Â | Â | Â |
Total liabilities and owners’ equity |
$388,363 |
$429,999 |
|
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