+ 4 + EM5-36 (similar to) Question Help Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Olivers: Click the icon to view the information) Prepare a budgeted balance sheet for July 31, 2024. (Hint: it may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account) Payable, A/R = Accounts Receivable, Accum. Deprec. - Accumulated Depreciation, Merch. = Merchandise.) Stock Merch (Accum Accounts holders Cash AR Inventory Furniture Deprec.) Payable equity June 30 balance $ 11,400 + $ 5.180 + $ 17.720 + $ 34,500 + $ (29,820) = $ 10,100 + $ 28,880 Purchase inventory (4,100) + 4,100 + Payments of AJP (8,600) (8,600) Depreciation (300) = (300) Cost of Goods Sold (7.260) (7,260) Other expenses (9,000) (9,000) Sales on account 12,100 + 12.100 14,200 (14,200) Cash receipts July 31 balance Enter any number in the edit fields and then click Check Answer, Clear All Check Answer parts 2 remaining ONCOLOD 221 222 budastadamunte fac liar More Info a. e. June 30 Merchandise Inventory balance, $17,720 b. July purchase of Merchandise Inventory, $4,100, paid in cash c. July payments of Accounts Payable, $8,600 d. June 30 Accounts Payable balance, $10,100 June 30 Furniture and Fixtures balance, $34,500; Accumulated Depreciation balance, $29,820 f. June 30 total stockholders' equity balance, $28,880 g. July Depreciation Expense, $300 h. Cost of Goods Sold, 60% of sales i. Other July expenses, including income tax, $9,000, paid in cash j. June 30 Cash balance, $11,400 k. July budgeted sales on account, $12, 100 1. June 30 Accounts Receivable balance $5,180 m. July cash receipts from payments on account, $14,200 t Print Done an