Ch 20 Graded Homework i Saved' Prepare a budgeted balance sheet at the end of March. ZETROV COMPANY 2.5 points Budgeted Balance Sheet As of March 31 eBook Assets Cash $ 65,200 Hint Accounts receivable 88,400 Print Merchandise Inventory 26,600 Accumulated depreciation 31,600 Mc Graw Hill 25 34OF Q Search a Clear hp,l _ ..._-._.. come... A u uuuhllon : - Ln au oraaeoi x -|- V 6 -> C' '35}: ' ' E ezt0.mheducation.com/eXt/map/Index.html?_con:con&externai_browser=0&launch... Q [9 $1 3 I] 0 a YouTube Chr ' ' ' 6 ome 9 Maps M Gmail (2! Dashboard '27 Institution Page 9%; MyOdulMain view O SettingsPasswords Ch 20 Graded Homework 0 Saved' Help Save & Exit Submit A Check my work . The cash budget for March. shows an ending bank loan of $18,000 and an ending cash balance of $65,200. I o'm . The sales budget for March indicates sales of $136,000. Accounts receivable are expected to be 65% of the current-month sales. c. The merchandise purchases budget indicates that $90,600 in merchandise will be purchased on account in March. Purchases on account are paid 100% in the month following the purchase. Ending inventory for March is predicted to be 760 units at a cost of $35 each. d. The budgeted income statement for March shows net income of $49,600. Depreciation expense of $2,600 and $27,600 in income tax expense were used in computing net income for March, Accrued taxes will be paid Him in April. 6. The balance sheet for February shows equipment of $82,400 with accumulated depreciation of $31,600, Prim common stock of $33,000, and ending retained earnings of $9,600. There are no changes budgeted in the equipment or common stock accounts. v 2.5 points eBook % C' eztomheducationcom/ext/map/index.html?*con=con&external_browser=0&launch... Q [9 1'3! 3' I] e , YouTube 6 Chrome ~ M ' ' 9 aps M Gmail 9%! MyOdu | Main view # Settings Passwords Ch 20 Graded Homework . 0 Saved Help Save & Exit Submit (2) Dashboard \"l! lnstitution Page A Check my work The following information is available for Zetrov Company. 25 a. The cash budget for March shows an ending bank loan of $18,000 and an ending cash balance of $65,200. points b. The sales budget for March indicates sales of $136,000. Accounts receivable are expected to be 65% of the . currentmonth sales. c. The merchandise purchases budget indicates that $90,600 in merchandise will be purchased on account in eBook March. Purchases on account are paid 100% in the month following the purchase. Ending inventory for March is predicted to be 760 units at a cost of $35 each. Him d. The budgeted income statement for March shows net income of $49,600. Depreciation expense of $2,600 Pi t and $27,600 in income tax expense were used in computing net income for March. Accrued taxes will be paid f n in April. , { E1" , v e. The balance sheet for February shows equipment of $82,400 with accumulated depreciation of $31,600, V %