Balance Sheet Accounts of Roman CorporationBalance12/31/2016AccountAccumulated depreciationAccounts payableAccounts receivableCashCommon stockInventoryLong-term debtPlant, property, and equipmentRetained earnings$2,024$1,792$2,481$1,309$4,984$5,796$7,800$8,395$1,381Balance12/31/2017$2,664$2,069$2,692$1,116$4,984$6,032$8,194$9,204$1,133 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.a. construct a balance sheet for 2016 and 2017.Complete the balance sheet for 2016 below: (Round to the nearest dollar.)ASSETSCurrent assetsCashAccounts receivableInventoryRoman CorporationBalance Sheet as of December 31, 2016, and December 31, 201720162017 LIABILITIESTotal current assetsFixed assetsAccumulated depreciation (-)TOTAL ASSETSGA$$GAGAGA GALACurrent liabilitiesTotal current liabilitiesTotal liabilitiesOWNERS' EQUITYTotal owners' equityTOTAL LIABILITIES ANDOWNERS' EQUITYGAAGAGA20162017

Hi student Since there are multiple subparts, we will answer only first three subparts. Balance…

Answered: a. construct a balance sheet for 2016…

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.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section: Chapter Questions

Problem 1ANFS

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Question

Balance Sheet Accounts of Roman Corporation
Balance
12/31/2016
Account
Accumulated depreciation
Accounts payable
Accounts receivable
Cash
Common stock
Inventory
Long-term debt
Plant, property, and equipment
Retained earnings
$2,024
$1,792
$2,481
$1,309
$4,984
$5,796
$7,800
$8,395
$1,381
Balance
12/31/2017
$2,664
$2,069
$2,692
$1,116
$4,984
$6,032
$8,194
$9,204
$1,133

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.
a. construct a balance sheet for 2016 and 2017.
Complete the balance sheet for 2016 below: (Round to the nearest dollar.)
ASSETS
Current assets
Cash
Accounts receivable
Inventory
Roman Corporation
Balance Sheet as of December 31, 2016, and December 31, 2017
2016
2017 LIABILITIES
Total current assets
Fixed assets
Accumulated depreciation (-)
TOTAL ASSETS
GA
$
$
GA
GA
GA GA
LA
Current liabilities
Total current liabilities
Total liabilities
OWNERS' EQUITY
Total owners' equity
TOTAL LIABILITIES AND
OWNERS' EQUITY
GA
A
GA
GA
2016
2017

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