Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Odins: (1) (Click the icon to view the information.) Prepare a budgeted balance sheet for July 31,2024 . (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) zero. Abbreviations used: A/P = Accounts Payable, A/R = Accounts Receivable, Accum. Deprec. = Accumulated Depreciation, Merch. = Merchandise.) and stockholders' equity section. More info a. June 30 Merchandise Inventory balance, $17,750 b. July purchase of Merchandise Inventory, $4,700, paid in cash c. July payments of Accounts Payable, $8,200 d. June 30 Accounts Payable balance, $10,800 e. June 30 Furniture and Fixtures balance, $34,700; Accumulated Depreciation balance, $29,810 f. June 30 total stockholders' equity balance, $28,780 g. July Depreciation Expense, $400 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, $11,800 k. July budgeted sales on account, $12,500 I. June 30 Accounts Receivable balance $5,140 m. July cash receipts from payments on account, $14,600 Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Odins: (1) (Click the icon to view the information.) Prepare a budgeted balance sheet for July 31,2024 . (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) zero. Abbreviations used: A/P = Accounts Payable, A/R = Accounts Receivable, Accum. Deprec. = Accumulated Depreciation, Merch. = Merchandise.) and stockholders' equity section. More info a. June 30 Merchandise Inventory balance, $17,750 b. July purchase of Merchandise Inventory, $4,700, paid in cash c. July payments of Accounts Payable, $8,200 d. June 30 Accounts Payable balance, $10,800 e. June 30 Furniture and Fixtures balance, $34,700; Accumulated Depreciation balance, $29,810 f. June 30 total stockholders' equity balance, $28,780 g. July Depreciation Expense, $400 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, $11,800 k. July budgeted sales on account, $12,500 I. June 30 Accounts Receivable balance $5,140 m. July cash receipts from payments on account, $14,600