Data Table Malkin, Inc. Balance Sheet December 31, 2018 Assets ho $ Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Property. Plant, and Equipment: Equipment 2,700 800 400 1,950 5,850 10.000 12.500 7.500 Print Done Data Table Property, Plant, and Equipment: Equipment 10,000 (2,500) 7,500 Less: Accumulated Depreciation 13,350 $ 1,500 Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 8,500 3,350 11,850 $ 13,350 Print Done U UI 14 Lumpicil) * More Info Sales on account, $26,000 Cash receipts from customers from sales on account, $18,300 Purchase of raw materials on account, $6,000 Payments on account, $5,500 Total cost of completed products, $13,000, which includes the following: Raw materials used, $2,500 Direct labor costs incurred and paid, $4,300 Manufacturing overhead costs incurred and paid $5,700 Depreciation on manufacturing equipment, $500 Cost of goods sold, $12,600 Selling and administrative costs incurred and paid $1,500 Purchase of equipment, paid in 2019. $1,800 Print Done ut fields and then continue to the next question Prepare a budgeted bale effects of each transactic Malkin, Inc. has the following balance sheet at December 31, 2018 (Click the icon to view the balance sheet.) Malkin projects the following transactions for 2019: Click the icon to view the transactions.) Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contr empty, do not enter a zero. Abbreviations used.) Cash A/R + RM Inv. + FG Inv. + Equip + (AD) AP CS + RE Dec 31, 2018 Sales on acct. Cash recpts. + + + Purch, RM Pmts on acct. RM used Direct labor Choose from any list or enter any number in the input fields and then continue to the next question O Type here to search DALL Prepare a budgeted bala effects of each transaction Malkin, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Malkin projects the following transactions for 2019: Click the icon to view the transactions.) Direct labor Mig. OH Depr. + COGS S and A Purch equip Dec 31, 2019 Prepare a budgeted balance sheet for Malkin, Inc. for December 31, 2019 Malkin, Inc. Choose from any list or enter any number in the input fields and then continue to the next question E O Type here to search DOLL Malik, Ids Wie nuwy Duce H ut Dum (Click the icon to view the balance sheet.) Malkin projects the following transactions for 2019 Click the icon to view the transactions.) Prepare a budgeted balance sheet for Malkin, Inc. for December 31, 2019 Malkin, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets Total Current Assets Choose from any list or enter any number in the input fields and then continue to the next question u O Type here to search (Click the icon to view the balance sheet.) Malkin projects the following transactions for 2019: A Click the icon to view the transactions.) Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the next O Type here to search Esc F1 F2 F3 F4 Malkin, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Malkin projects the following transactions for 2019: Click the icon to view the transactions.) Total Assets Liabilities Current Liabilities: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then continue to the ne O Type here to search
