Date Title Bo Beleuchte Starpe Company has the following polong bulance on December 31, 202 Click the icon to view the older ce The compus accounting priced he following to Chicot view the domingo M1,200 Asses CA Casti Acce ape Como Post.com Det Dhe Cash Account Rew Milenio Feed Cody 100 Ad con Account Como dis 34100 and oder TOON Pantom 000 110 2000 Le comercios Total tates D Pin Done Enter any number in the tide and the dick Date Table pada and the cate U PINUM TOUTH Sharpe Company has the following post-concen chicon to www the pool-congan) The con accounting department has gathered throwing Cotton to wine bottom ton) budged on Buttede met spoed and we delber 500 31.000 14000 20 Food Into Tot Current Property and went 17 71700 Ducato unde Sa Rot 2.000 12 00 Les commercito Total La Cunard Account Pay Stockholders' Equity Common Stock Rene Gaming Tot loomades Totalt and Shoes Despre 200 5100 Budgeted chopo But content pand capital de donate Pril Done Check yerin the fields and then did Check Anwar Additional information: a. Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred C. Accounts payable at December 31, 2024 are paid in the first quarter of 2025 Read the requirements, Sharpe Company has the following post-closing trial balance on December 31, 2024: (Click the icon to view the post-closing trial balance) The company's accounting department has gathered the following budgeting information for the first quarter of 2025 (Click the icon to view the budgeting information.) Budgeted Balance Sheet March 31, 2025 Assets Current Assets Cash 260,500 Accounts Receivable (71.700) Raw Materials Inventory 6,000 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation ET Total Assets Liabilities Sharpe Company has the following post-closing trial balance on December 31, 2024 (Click the icon to view the post-closing trial balance.) The company's accounting department has gathered the following budgeting informa (Click the icon to view the budgeting information.) Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Enter any number in the edit fields and then click Check Answer Sharpe Company Post-Closing Trial Balance December 31, 2024 Account Debit Credit Cash $ 35,000 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Equipment Accumulated Depreciation Accounts Payable Common Stock 16,700 6,000 25,400 160,000 09 40,000 12,500 Retained Earnings 80.000 110,600 Totals $ 243,100 $ 243,100 Print Done - X i Data Table S 308,500 31.000 14,000 2.220 1,200 1,450 71,700 Budgeted total sales, all on account Budgeted direct materials to be purchased and used Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Budgeted cash receipts from customers Budgeted income tax expense Budgeted purchase and payment for capital expenditures (additional equipment) 8.000 2.800 1200 100 12.340 260,500 51,000 44,000 Additional information: Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred. C. Accounts payable at December 31, 2024 are paid in the first quarter of 2025. Read the requirements Date Title Bo Beleuchte Starpe Company has the following polong bulance on December 31, 202 Click the icon to view the older ce The compus accounting priced he following to Chicot view the domingo M1,200 Asses CA Casti Acce ape Como Post.com Det Dhe Cash Account Rew Milenio Feed Cody 100 Ad con Account Como dis 34100 and oder TOON Pantom 000 110 2000 Le comercios Total tates D Pin Done Enter any number in the tide and the dick Date Table pada and the cate U PINUM TOUTH Sharpe Company has the following post-concen chicon to www the pool-congan) The con accounting department has gathered throwing Cotton to wine bottom ton) budged on Buttede met spoed and we delber 500 31.000 14000 20 Food Into Tot Current Property and went 17 71700 Ducato unde Sa Rot 2.000 12 00 Les commercito Total La Cunard Account Pay Stockholders' Equity Common Stock Rene Gaming Tot loomades Totalt and Shoes Despre 200 5100 Budgeted chopo But content pand capital de donate Pril Done Check yerin the fields and then did Check Anwar Additional information: a. Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred C. Accounts payable at December 31, 2024 are paid in the first quarter of 2025 Read the requirements, Sharpe Company has the following post-closing trial balance on December 31, 2024: (Click the icon to view the post-closing trial balance) The company's accounting department has gathered the following budgeting information for the first quarter of 2025 (Click the icon to view the budgeting information.) Budgeted Balance Sheet March 31, 2025 Assets Current Assets Cash 260,500 Accounts Receivable (71.700) Raw Materials Inventory 6,000 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation ET Total Assets Liabilities Sharpe Company has the following post-closing trial balance on December 31, 2024 (Click the icon to view the post-closing trial balance.) The company's accounting department has gathered the following budgeting informa (Click the icon to view the budgeting information.) Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Enter any number in the edit fields and then click Check Answer Sharpe Company Post-Closing Trial Balance December 31, 2024 Account Debit Credit Cash $ 35,000 Accounts Receivable Raw Materials Inventory Finished Goods Inventory Equipment Accumulated Depreciation Accounts Payable Common Stock 16,700 6,000 25,400 160,000 09 40,000 12,500 Retained Earnings 80.000 110,600 Totals $ 243,100 $ 243,100 Print Done - X i Data Table S 308,500 31.000 14,000 2.220 1,200 1,450 71,700 Budgeted total sales, all on account Budgeted direct materials to be purchased and used Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted cost of goods sold Budgeted selling and administrative expenses Salaries expense Rent expense Insurance expense Depreciation expense Supplies expense Budgeted cash receipts from customers Budgeted income tax expense Budgeted purchase and payment for capital expenditures (additional equipment) 8.000 2.800 1200 100 12.340 260,500 51,000 44,000 Additional information: Direct materials purchases are paid 50% in the quarter purchased and 50% in the next quarter. b. Direct labor, manufacturing overhead, selling and administrative costs, and income tax expense are paid in the quarter incurred. C. Accounts payable at December 31, 2024 are paid in the first quarter of 2025. Read the requirements