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12 12 cked out of Take me to the text Dorah, the sole shareholder of Mad Dog Food Truck, runs a food truck in
12 12 cked out of Take me to the text Dorah, the sole shareholder of Mad Dog Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at July 31, 2020 is as follows: Mad Dog Food Truck Balance Sheet As at July 31, 2020 Assets Cash $5,300 Inventory $2,900 Equipment $9,800 Accumulated Depreciation $-1,200 Total Assets $16,800 Liabilities Accounts Payable $3,000 Loan Payable $6,800 Total Liabilities $9,800 Shareholder's Equity $7,000 Total Liabilities & Shareholder's Equity $16,800 In the upcoming year, Dorah expects the following events to occur. Total revenues of $29,000 and total expenses of $9,570 Inventory is expected to increase by $1,300 By the end of July, 2021, Mad Dog Food Truck will owe its suppliers $3,200 No principal payments will be made on the loan payable during 2021 Purchase of new equipment for $1,600. The entire purchase will be financed through a loan payable . Expect to have a cash balance of $24,400 at the end of fiscal 2021 Depreciate assets by $770 during 2021 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Mad Dog Food Truck's budgeted balance sheet as at July 31, 2021. Mad Dog Food Truck Budgeted Balance Sheet As at July 31, 2021 Assets Cash Inventory Equipment Assets Cash As at July 31, 2021 Inventory Equipment Accumulated Depreciation Total Assets Liabilities Accounts Payable Loan Payable Total Liabilities Shareholder's Equity Total Liabilities & Shareholder's Equity S
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