Refer to P22 22A and P22 23A Requirements 1 Prepare a budgeted balance sheet as of May 31, 2012 2 Prepare the budgeted statement of cash flows for the two months ended May 31, 2012 ...

Req 1 Thumbtack Office Supply Budgeted Balance Sheet May 31 2012 ASSETS Current assets Cash 42586 Ac ...

Refer to P22-22A and P22-23A. Requirements 1. Prepare a budgeted balance sheet as of May 31, 2012.

Question:

Refer to P22-22A and P22-23A.
Requirements
1. Prepare a budgeted as of May 31, 2012.
2. Prepare the budgeted statement of cash flows for the two months ended May 31, 2012.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...