Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, Can you show me how to calculate raw materials inventory, buildings and equipment, accumulated depreciation and R/E for ending June? Thank you! D E

image text in transcribed

Hello,

Can you show me how to calculate raw materials inventory, buildings and equipment, accumulated depreciation and R/E for ending June? Thank you!

image text in transcribedimage text in transcribedimage text in transcribed
D E F H Budgeted Balance Sheet (US$) Ending March 31 Ending June 30 Current assets Cash 37.745 S 51,000 Accounts receivable 132.000 $198,000 Raw materials inventory 32.200 Finished goods inventory $30.750 5 232.695 $ 37,500 Plant and equipment Land $ 520,000 $ 520,000 Buildings and equipment $ 1,800,000 $ 1 800,000 Accumulated depreciation S (750,000) 5 1,570,000 $ (810,000) Total Assets 5 1.802.695 Liabilities Accounts payable $ 55,000 5 55,000 $36,700 $ 56,700 Stockholder's equity Common stock 500.000 $ 500.000 $ 1,247.695 $ 1,747 695 9 1,975 920 5 2.475,820 Retained earnings Total Liabilities and Stockholder's $ 2.532,520 Equity 5 1 802.695 5 1,802,695 $ 2,002.520MANUFACTURING AND SCRA COSTS LOAN DETAILS d the much holes in punched in mode with 40% paid intoon repaid at the end of the quinn The bobmar suke in REQU NEO FINANCIAL STATEMENT DETAILS AND CASH PLANNING

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

14th Edition

1260247821, 978-1260247824

More Books

Students also viewed these Accounting questions