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Could someone answer for me this question The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the shown in Schedule
Could someone answer for me this question
The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the shown in Schedule 9. EXERCISE 8-9 Budgeted Balance Sheet (L010) following data to use in preparing its budgeted balance sheet for next year: Cash Accounts receivable Supplies inventory Equipment. Accumulated depreciation. Accounts payable Common stock Retained earnings Ending Balances ? $8,100 $3,200 $34,000 $16,000 $1,800 $5,000 ? ***** The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800. Required: Prepare the company's budgeted balance sheet Step by Step Solution
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