9

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: Ending Balances Cash $ 9, eee Accounts receivable Supplies inventory Equipeent Accumulated depreciation Accounts payable Common stock Retained earnings $ 38, see $ 15, see 2,70 $ 5,eee 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.) Mecca Copy Mecca Copy Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: DIT UNI Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: DI Total stockholders' equity Total liabilities and stockholders' equity