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Dorah, the sole stockholder of Marshall Inc., runs a home - cleaning service in the suburb of a large city. Her balance sheet as at
Dorah, the sole stockholder of Marshall Inc., runs a homecleaning service in the suburb of a large city. Her balance sheet as at September is as follows:
Marshall Inc.
Balance Sheet
As at September
Assets
Cash $
Accounts Receivable $
Equipment $
Accumulated Depreciation $
Total Assets $
Liabilities
Accounts Payable $
Notes Payable $
Total Liabilities $
Stockholder's Equity $
Total Liabilities & Stockholder's Equity $
In the upcoming year, Dorah expects the following events to occur:
Total revenues of $ and total expenses of $
of accounts receivable from the prior year will be collected in the following year
Credit sales will represent of revenues for the year
of accounts payable owing from will be paid off in
By the end of September, Marshall will owe its suppliers $
No principal payments will be made on the bank loan during
Purchase of new equipment for $ The entire purchase will be financed through a bank loan
Expect to have a cash balance of $ at the end of fiscal
Depreciate assets by $ during
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for negative values.
Prepare Marshall Inc.s budgeted balance sheet as at September
Marshall Inc.
Budgeted Balance Sheet
As at September
Assets
Cash $Answer
Accounts Receivable $Answer
Equipment $Answer
Accumulated Depreciation $Answer
Total Assets $Answer
Liabilities
Accounts Payable $Answer
Notes Payable $Answer
Total Liabilities $Answer
Stockholder's Equity $Answer
Total Liabilities & Stockholder's Equity $Answer
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