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Professional Printing Supply Balance Sheet March 31, 2024 Assets Current Assets: Cash S 51.000 Accounts Receivable 14,400 Merchandise Inventory 11,600 Total Current Assets $ Property, Plant, and Equipment: 77,000 Data Table $ 77,000 Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures 80,900 (12,700) 68,200 Less: Accumulated Depreciation $ 145,200 Total Assets Liabilities Current Liabilities Accounts Payable $ 8,400 Stockholders' Equity $ Common Stock, no par 40.000 Less: Accumulated Depreciation (12,700) 68,200 $ 145,200 8,400 Total Assets Liabilities Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 40,000 96,800 136,800 $ 145,200 -X More Info a. April dividends of $6,000 were declared and paid. b. April capital expenditures of $16,600 budgeted for cash purchase of equipment C. April depreciation expense, $700. d. Cost of goods sold, 60% of sales. e. Desired ending inventory for April is $22,800 f. Aprd selling and administrative expenses include salaries of $29,000, 30% of which will be paid in cash and the remainder paid next month. 9. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $85,000, 70% collected in April and 30% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,400 April purchases of inventory, $24.400 for cash and $37,800 on account. Half the credit purchases will be paid in April and half in May. FC - Requirements 1. Prepare the sales budget for April 2. Prepare the inventory, purchases, and cost of goods sold budget for April 3. Prepare the selling and administrative expense budget for April 4. Prepare the schedule of cash receipts from customers for April 5. Prepare the schedule of cash payments for selling and administrative expenses for April 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance 7. Prepare the budgeted income statement for April. 8. Prepare the budgetod balance shoot at April 30, 2024 As add Professional Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance shoot at April 30, 2024. The March 31, 2024. balance sheet follows: Click the icon to view the balance sheet.) Roa Plus: Total merchandiso inventory required Loss Budgeted Purchases Requirement 3. Prepare the selling and administrative expense budget for Apri. Professional Printing Supply Selling and Administrative Expense Budget For the Month Ended April 30, 2024 Variable expenses The ata Bang Company way yound for young designed for high school scandy Massage do they also the autu els for $75. he who wants to December 31, 2004, when the follow Date to the he Pro is toget Father Data Table Mata Batting Company Balance Sheet December 31, 2024 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets s 40,000 22,500 4,050 15,130 $ 81,880 xoteCallBackPrecallo) scoreCallBackError true) O 99+ 96% Expert Q&A Done aia TUIL S 81.680 Total Current Assets Property, Plant, and Equipment Equipment Less Accumulated Depreciation 115,000 (30.000 85.000 158,680 Total Assets Liabilities Current Liabilities Accounts Payable $ 16.500 Stockholders' Equity $ Common Stock no par 150.000 beads.coreCare ORI ita Table SUUUU 85 UU Loss: Accumulated Depreciation $ 166,680 Total Assets Liabilities Current Liabilities Accounts Payable $ 16.500 Stockholders Equity s Common Stock, no par Retained Eaming 150.000 180 150,180 Expert Q&A Done aia TUIL S 81.680 Total Current Assets Property, Plant, and Equipment Equipment Less Accumulated Depreciation 115,000 (30.000 85.000 158,680 Total Assets Liabilities Current Liabilities Accounts Payable $ 16.500 Stockholders' Equity $ Common Stock no par 150.000 beads.coreCare ORI ita Table SUUUU 85 UU Loss: Accumulated Depreciation $ 166,680 Total Assets Liabilities Current Liabilities Accounts Payable $ 16.500 Stockholders Equity s Common Stock, no par Retained Eaming 150.000 180 150,180 150,000 180 Stockholders Equity Common Stock no par $ Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity 150, 180 $ 166,680 ore scoreano ORI 99 tures wood baseball bats. Mata's two primary products are a youmbat designed for children ar -aged players. Mata sells the bats to sporting goods stores and all sales are on account The ye lume is in the first three months of the year as retailers prepare for the spring baseball season. for the first quarter of 2025 follow More Info a. Budgeted sales are 1,500 youth bats and 3.600 adult bats b. Finished Goods Inventory on December 31, 2024, conset of 450 youth bas at $17 each and 440 adut bats at $17 sach Desired ending Finished Goods Inventory is 200 youtbots and 400 adult bats FIFO inventory costing method is used d. Direct materials requirements are 52 ounces of wood per you and 64 Ounces of wood per adult bat. The cost of wood is 50.15 per non e. Raw Materials Inventory on December 31, 2024. consists of 27 000 ounces of wood at 50.15 per ounce 1. Desirad ending Raw Materials inventory is 27.000 anos indirect materials are Insignificant and not considered for budging purpo 9. Each batruires 3 hours of director, directora vage $12 per nour hu Variable manctacturing overtid is $0.80 per but COM O II 996 Expert Q&A Done More Info Ounces of wood pulbol The cost of 30 15 How Malory on December 2012 w5015 per un 1. Dedding Malaya 27.000 ficant consider for Echtes sobre Fandango period 12.47 dam 10.000 15000 Derfor C AD % 5 4 6 7 8 9 O urus wood baseball bata. Mata's two may products we a youth banged for children and you aged players Mata sells the bats to sporting goods stores and account. The youth ba lume is in the first three months of the year as reales prepare for the spring a season. Mata's for the first quarter of 2025 Follow Requirements 1. Prewe Mola's sales budget for the first quarter of 2005 2. Prepare Mata's production budget for the first of 2005 2. Prepare Mata's direct managed to get marung oriad but for the first quarter of 2005. Round the oved location to two domom. The vocation or de bor hours Prop Male's costos sold budgettore esta 2005 5. Prepare Mata's song and some for the 2025 a. Budgeted sales are 1,500 youth bats and 3,600 adult bats. b. Finished Goods Inventory on December 31, 2024, consists of 450 youth bats at $17 each and 440 adult bats at $17 each. c. Desired ending Finished Goods Inventory is 200 youth bats and 400 adult bats, FIFO inventory costing method is used. d. Direct materials requirements are 52 ounces of wood per youth bat and 64 ounces of wood per adult bat. The cost of wood is $0.15 per ounce. e. Raw Materials Inventory on December 31, 2024, consists of 27,000 ounces of wood at $0.15 per ounce, f. Desired ending Raw Materials Inventory is 27,000 ounces (indirect materials are insignificant and not considered for budgeting purposes). g. Each bat requires 0.3 hours of direct labor, direct labor costs average $12 per hour. h. Variable manufacturing overhead is $0.80 per bat lack scoreCallBackPreCalloscoreCallbackErtor true) o RE 99+ 96% Requirement 1. Prepare Mata's sales budget for the first quarter of 2025 Mata Batting Company Sales Budget For the Quarter Ended March 31, 2025 Youth Adult Bats Bats Total Budgeted bats to be sold Sales price per unit Total sales Requirement 2. Prepare Mata's production budget for the first quarter of 2025 Mata Batting Company Production Budget For the Quarter Ended March 31, 2025 Page 21476177Backcorector) ere to search Ferran Bale Mata Batting Company Done Expert Q&A Com Descut for the Opera Dat The Mota Bating Commander wood Memy youth Bed antic Puwe bort b) www.production to be Mata Buting Company Director do En March 2005 Ba Expert Q&A Done tesi wc primary products are a yo The Mota Batting Company manufactures wood baseball be For the Quarter Ended March 31, 2025 Yout Ad Bate To Bats produced and sold in 1st quarter of 2025 Total budged cost of goods sold Requirements. Preparatas seting and administrative expense budget for the first water of 2001 Review but you prepared above Mata Bating Company Selling and Administrative pense Budget For the Quarter Ended March 31, 2005 Expert Q&A Done Yout Adult Buts Total Bats produced and sold in test anul 2025 Total bodopted out of goods old Requirements. Propard Mata's sealing and antitative expense budget for the first quarter of 2021 Reviews budget you prepared to Mata Batting Company Selling and Administrative Expense Budget For the Quarter Ended March 1.2005 e to search o The Big Company Med Despre noi Todo Romets Power How do Meta Bating Company Dengan Administrator For the beach