BUDGETED BALANCE SHEET - December 31,2022 ASSETS: Current Assets: \begin{tabular}{l|r|} \hline Cash & 38,000 \\ Accounts Receivable & 16,000 \\ Merchandise laventory & 5,500 \\ \hline TOTAL CURRENT ASSETS & 59,500 \\ \hline \end{tabular} Property, Plant, \& Equipment: \begin{tabular}{l|r|} \hline Equipment \& Fixtures & 88,000 \\ \hline Ace. Dep. - Equipment \& Fixtures & 16,000 \\ \hline TOTAL P.P.E & 72,000 \\ \hline TOTAL ASSETS & 131,500 \\ \hline \hline \end{tabular} LIABILITIESIOWNERS' EQUITY Current Liabilities: \begin{tabular}{l|r|} Accounts Payable & 15,500 \\ Salaties Payable (if needed) & - \\ Line of Credit & - \\ \hline Notes Payable, Cument Portion (if needed) & \\ \hline TOTAL CURRENT LIABIL.ITIES & 15,500 \\ \hline \end{tabular} Lang-Term Liabilities: \begin{tabular}{l|r|} \hline NP- Long-Term Portion (if needed) & 0 \\ \hline TOTAL L L LABIL.TIES & 0 \\ \hline \end{tabular} TOTAL L.IBIL.ITIES 15,500 Owner's Equity: \begin{tabular}{l|l|} Capital & 116,000 \\ \hline TOTAL OE & 116,000 \\ TOTAL L.ABIL.ITIES \& SE & 131,500 \\ \hline \hline \end{tabular} If a corporation payment in awners - Dividends If a sile proprietorshipipartacrahip, payment to ownets = Withdrawals Vou aust muke this determainution when it comes to tax ealculatini. MUST CHOOSE THE CORRECT OPTION FOR THE 1ST CALCULATION MUST CHOOSE THE CORRECT OPTION FOR THE ZND CALCULATION BUDGETED BALANCE SHEET - December 31,2022 ASSETS: Current Assets: \begin{tabular}{l|r|} \hline Cash & 38,000 \\ Accounts Receivable & 16,000 \\ Merchandise laventory & 5,500 \\ \hline TOTAL CURRENT ASSETS & 59,500 \\ \hline \end{tabular} Property, Plant, \& Equipment: \begin{tabular}{l|r|} \hline Equipment \& Fixtures & 88,000 \\ \hline Ace. Dep. - Equipment \& Fixtures & 16,000 \\ \hline TOTAL P.P.E & 72,000 \\ \hline TOTAL ASSETS & 131,500 \\ \hline \hline \end{tabular} LIABILITIESIOWNERS' EQUITY Current Liabilities: \begin{tabular}{l|r|} Accounts Payable & 15,500 \\ Salaties Payable (if needed) & - \\ Line of Credit & - \\ \hline Notes Payable, Cument Portion (if needed) & \\ \hline TOTAL CURRENT LIABIL.ITIES & 15,500 \\ \hline \end{tabular} Lang-Term Liabilities: \begin{tabular}{l|r|} \hline NP- Long-Term Portion (if needed) & 0 \\ \hline TOTAL L L LABIL.TIES & 0 \\ \hline \end{tabular} TOTAL L.IBIL.ITIES 15,500 Owner's Equity: \begin{tabular}{l|l|} Capital & 116,000 \\ \hline TOTAL OE & 116,000 \\ TOTAL L.ABIL.ITIES \& SE & 131,500 \\ \hline \hline \end{tabular} If a corporation payment in awners - Dividends If a sile proprietorshipipartacrahip, payment to ownets = Withdrawals Vou aust muke this determainution when it comes to tax ealculatini. MUST CHOOSE THE CORRECT OPTION FOR THE 1ST CALCULATION MUST CHOOSE THE CORRECT OPTION FOR THE ZND CALCULATION
