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Consider the following June actual ending balances and July 3 1 , 2 0 2 4 budgeted amounts for Oleans: ( Click the icon to

Consider the following June actual ending balances and July 31,2024 budgeted amounts for Oleans:
(Click the icon to view the information.)
Stock-
\table[[,,,,,Merch.,,,,Accum.,,Accounts,,holders'],[,Cash,+,A/R,+,Inventory,+,Furniture,+,Deprec.),=,Payable,+,equity],[June 30 balance,,+,,+,,+,,+,,=,,+,]]
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a. June 30 Merchandise Inventory balance, $17,760
b. July purchase of Merchandise Inventory, $4,200, paid in cash
c. July payments of Accounts Payable, $8,700
d. June 30 Accounts Payable balance, $10,500
e. June 30 Furniture and Fixtures balance, $34,200; Accumulated Depreciation balance, $29,860
f. June 30 total stockholders' equity balance, $27,850
g. July Depreciation Expense, $300
h. Cost of Goods Sold, 40% of sales
i. Other July expenses, including income tax, $6,000, paid in cash
j. June 30 Cash balance, $11,100
k. July budgeted sales on account, $12,500
I. June 30 Accounts Receivable balance $5,150
m. July cash receipts from payments on account, $14,600
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