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101.5 pts Below is the Balance Sheet for Creasy, Inc., as of June 30. Use the information from the problems above to complete the Budgeted
101.5 pts Below is the Balance Sheet for Creasy, Inc., as of June 30. Use the information from the problems above to complete the Budgeted Balance Sheet as of September 30. Hint! Beginning Retained Earnings + Net Income - Dividends = Ending Retained Earnings Budgeted Balance Sheet Balance Sheet June 30 September 30 Cash 100,000 100,000 Accounts Receivable 720,000 900,000 Raw materials Inventory 185,220 275,873 Finished Goods Inventory 431,250 863652 Total Current Assets 1,436,470 2,139,525 Equipment 600,000 25,000 Less Accumulated Depreciation (42,000) TOTAL ASSETS 1,994,470 2,701,525 Accounts Payable 308,700 Short Term Notes Payable 25,000 0 Income Taxes Payable 0 Total Current Liabilities 333,700 492,758 Long Term Notes Payable 500,0
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