1 Question Help 0 P22-51B (similar to) Vinning Olimp Med 21, 2018 banholink (click the icon la vw the wheel The budget camera or Vinning Orien pyh Actre folosing date Cine the invited Read the requirements Requirement 1. Per Vinring sales tegl kr April and MAY 2018. Randle cunts to the real de Vinning Office Supply Salon Budget April and May, 2018 April May Tola busgoed sales i More Into Sales in April are expected to be 340.000. Vinning farzata that monthly Saka wilincsessa 2% over Apni ales in May, June 5 sales will increase by 4' over Aprl cales. Juty sales wil im 20% wer Apollo b. Voning maintains nventory of S9.COU DUS 20% of the cost of goocs cold budged for the Colowing math. Con el gobek Al 50% el salmer c. Monthly salanes amount to $5.00. Sales commissions cqua 5% of sales for that month. d. Other monthly press felows - Rent: $3,400 Deprecision 3.0 - Insurance: $300 name tax: 32.0cc Print Done Enter any number in the edit fields and then click Check Answer. ? 2 2 remaining parts Clear All Check Ansar X P. i Requirements 1. Prepare Vinning's sales budget for April and May 2018. Round all calculations to the nearest dollar. 2. Prepare Vinning's inventory, purchases, and cost of goods sold budget for April and May. 3. Prepare Vinning's selling and administrative expense budget for April and May. Print Done Data Table Vinning Office Supply Balance Sheet March 31, 2018 Assets Current Assets: Cash $ 20,000 Accounts Receivable 20,000 Merchandise Inventory 14,000 1,500 Prepaid Insurance Total Current Assets $ 55,500 Property, Plant, and Equipment: Equipment and Fixtures 30,000 (18,000) Less: Accumulated Depreciation 12,000 $ 67,500 Total Assets Liabilities Current Liabilities: Accounts Payable $ 11,000 3,733 Salaries and Commissions Payable Total Liabilities $ 14,733 Stockholders' Equity Common Stock, no par 21,000 31,767 Retained Earnings Total Stockholders' Equity 52,767 $ 67,500 Total Liabilities and Stockholders' Equity Print Done