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5 6 points The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing
5 6 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: Cash Skipped Accounts receivable Ending Balances ? $ 9,000 Supplies inventory $ 2,400 Equipment $ 38,500 Accumulated depreciation $ 15,600 Accounts payable $ 2,700 Common stock $ 5,000 eBook Print References Retained earnings ? The beginning balance of retained earnings was $26,000, net income is budgeted to be $15,400, and dividends are budgeted to be $5,400. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets: Mecca Copy Budgeted Balance Sheet Assets Total current assets Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: $ 0 0 $ 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 0
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