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26 Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year: Ending
26 Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year: Ending Balances Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings ? $ 8,400 $ 4,500 $ 35,500 $ 14,400 $ 2,100 $ 5,000 ? The beginning balance of retained earnings was $31,000, budgeted net income is $15,100, and budgeted dividends are $5,000. Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Mecca Copy Budgeted Balance Sheet Assets Current assets
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