Below are the most recent balance sheets for Country Kettles, Inc. Excluding acc

Question

Below are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated deprecíatio determine whether each item is a source or a use of cash, and the amount (input all amounts as positiv values) COUNTRY KETTLES, INC Balance Sheet December 31 2013 Assets Cash $ 32,100 31,360 74,920 Accounts receivable 71,600 62,50065,000 Inventories Property, plant, and equipment 164,000 176,200 Less: Accumulated depreciation 47,28051,600 Total assets $282,920$295,880 Liabilities and Equity Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings $ 46,600 $ 48,860 6,980 30,550 7,980 27,300 33,000 38,700 168,040 $170,790 Total liabilities and equity $282,920 $295,880 Item Cash Accounts receivable Inventories Property, plant, and equipment TO Source/ (Click to select) (Click to select) Use Source p6l609 (Click to select) (Click to select) |(Click to select) (Click to select. : (Click to select) Accounts payable Accrued expenses Long-term debt Common stock Accumulated retained earnings S S

Explanation / Answer

Item Source / Use Amount Cash Source $740 Accounts Receivable Use $3,320 Inventories Use $2,500 Property,Plant and Equipment Use $12,200 Accounts Payable Source $2,260 Accrued Expenses Use $1,000 Long term debt Source $3,250 Common stock Source $5,700 Accumulated retained earnings Source $2,750

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