equirement 1. Prepare Notebook's sales budget for April and May 2018. Round all amounts to the nearest dollar. Data Table Notebook Office Supply Sales Budget April and May, 2018 April May Notebook Office Supply Balance Sheet March 31, 2018 Assets Total budgeted sales Current Assets Cash $ 23,000 Accounts Receivable 14,000 Merchandise Inventory 21,500 1,300 $ 59,800 Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures 34,000 (15,000) Less: Accumulated Depreciation 19,000 Help Me Solve This e Text Pages Get More Help Data Table Requirement 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. Notebook Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May yopTC CITTAG Less: Accumulated Depreciation (15,000) 19,000 78,800 Total Assets Liabilities Plus: Current Liabilities: Total merchandise inventory required S Accounts Payable Salaries and Commissions Payable 12.000 7,525 Less: Budgeted Purchases Total Liabilities S 19,525 Stockholders' Equity Common Stock, no par Help Me Solve This e Text Pages Get More Help 12,000 47,275 Retained Earnings Total Stockholders' Equity 59,275 $ Total Liabilities and Stockholders' Equity 78,800 Requirement 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. Notebook Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May Plus: Total merchandise inventory required Less: Budgeted Purchases equirement 1. Prepare Notebook's sales budget for April and May 2018. Round all amounts to the nearest dollar. Data Table Notebook Office Supply Sales Budget April and May, 2018 April May Notebook Office Supply Balance Sheet March 31, 2018 Assets Total budgeted sales Current Assets Cash $ 23,000 Accounts Receivable 14,000 Merchandise Inventory 21,500 1,300 $ 59,800 Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures 34,000 (15,000) Less: Accumulated Depreciation 19,000 Help Me Solve This e Text Pages Get More Help Data Table Requirement 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. Notebook Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May yopTC CITTAG Less: Accumulated Depreciation (15,000) 19,000 78,800 Total Assets Liabilities Plus: Current Liabilities: Total merchandise inventory required S Accounts Payable Salaries and Commissions Payable 12.000 7,525 Less: Budgeted Purchases Total Liabilities S 19,525 Stockholders' Equity Common Stock, no par Help Me Solve This e Text Pages Get More Help 12,000 47,275 Retained Earnings Total Stockholders' Equity 59,275 $ Total Liabilities and Stockholders' Equity 78,800 Requirement 2. Prepare Notebook's inventory, purchases, and cost of goods sold budget for April and May. Notebook Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May Plus: Total merchandise inventory required Less: Budgeted Purchases