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Class Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet at April 30, 2016, and a budgeted
Class Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet at April 30, 2016, and a budgeted statement of cash flows for April. The March 31, 2016 balance sheet follows: (Click the icon to view the balance sheet.) As Class Printing Supply's controller, you have assembled the following additional information: (Click the icon to view the information.) Data table Read the requirements Requirement 1. Prepare the sales budget for April. Class Printing Supply Sales Budget For the Month Ended April 30, 2016 Total budgeted sales Class Printing Supply Balance Sheet March 31, 2016 , Assets Current Assets: Cash S Accounts Receivable Merchandise Inventory Total Current Assels Property. Plant, and Equipment: Equipment and Fixtures Less: Accurrulated Depreciation 51,200 16.300 12.100 S 79,600 81,100 ( (12.100) S S 69,000 148,600 Total Assets Liabilities Current Liabilities: Accounts Payable $ 7,800 Stockholders' Equity S Common Stock, no par 45,000 95,800 Relained Earnings Total Stockholders' Equity 140,800 Etext pages Calculator Print Done inswer Class Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet at April 30, 2016, and a budgeted statement of cash flows for April. The March 31, 2016 balance sheet follows: (Click the icon to view the balance sheet.) As Class Printing Supply's controller, you have assembled the following additional information: (Click the icon to view the information.) Data table Read the requirements Requirement 1. Prepare the sales budget for April. Class Printing Supply Sales Budget For the Month Ended April 30, 2016 Total budgeted sales Class Printing Supply Balance Sheet March 31, 2016 , Assets Current Assets: Cash S Accounts Receivable Merchandise Inventory Total Current Assels Property. Plant, and Equipment: Equipment and Fixtures Less: Accurrulated Depreciation 51,200 16.300 12.100 S 79,600 81,100 ( (12.100) S S 69,000 148,600 Total Assets Liabilities Current Liabilities: Accounts Payable $ 7,800 Stockholders' Equity S Common Stock, no par 45,000 95,800 Relained Earnings Total Stockholders' Equity 140,800 Etext pages Calculator Print Done inswer
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