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1.75 points The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted
1.75 points The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: e Book Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 9,9ee $ 4,200 $ 43,000 $ 17,400 $ 3,600 $ 5.ee Hint Print The beginning balance of retained earnings was $35,000, net Income is budgeted to be $19,300, and dividends are budgeted to be $6,000. References Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets: Total current assets 0 Plant and equipment
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