Chapter 8 - Required Connect Homework 9 0.5 points Saved Help Save & Exit Submit 3...

Transcribed Image Text:

Chapter 8 - Required Connect Homework 9 0.5 points Saved Help Save & Exit Submit 3 Check my work Exercise 8-9 (Algo) Budgeted Balance Sheet [LO8-10] 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 eBook Accounts receivable Hint References Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 8,300 $ 3,200 $ 35,000 $14,200 $ 2,000 $ 5,000 P The beginning balance of retained earnings was $30,000, net income is budgeted to be $13,900, and dividends are budgeted to be $3,100. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) D Chapter 8 - Required Connect Homework 9 0.5 points Saved Help Save & Exit Submit 3 Check my work Exercise 8-9 (Algo) Budgeted Balance Sheet [LO8-10] 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 eBook Accounts receivable Hint References Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 8,300 $ 3,200 $ 35,000 $14,200 $ 2,000 $ 5,000 P The beginning balance of retained earnings was $30,000, net income is budgeted to be $13,900, and dividends are budgeted to be $3,100. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) D