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Fishkin, Inc. has the following balance sheet at December 31, 2018 EEB (Click the icon to view the balance sheet.) Fishkin projects the following transactions
Fishkin, Inc. has the following balance sheet at December 31, 2018 EEB (Click the icon to view the balance sheet.) Fishkin projects the following transactions for 2019 Prepare a budgeted balance sheet for Fishkin, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each a ccount.) (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 contra asset balances and activity. If a box is not used in the equation leave the box empty; do not enter a zero. Abbreviations used.) CashA/RRM Inv. FG Inv.Equip.(A/D)A/P CS RE Dec. 31, 2018 Sales orn acct. Cash recpts Purch. RM Pmts on acct. RM used Direct labor Mfg. OH Depr COGS S and A Purch. equip. Dec. 31, 2019
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