Homework: ACC-260 Topic 3 Assignment Syve Score: 10.43 of 30 pts 5 of 5 (5 complete HW Score: 55.69%, 55.68 of 100 pts P22-44A (similar to) Question Hap i Requirements aldes incurred. Insurance ekperses an expiration of the prepaid amount Never Company has the following past-casing trial balance on December 31, 2018: Click the icon to view the post-closing na balance. The company's according department has set cred the following budgeting Information for the fire Click the icon to view the budget information.) i Data Table Requirement 1. Prepare a budgeted come statement for the cuarter 1. Prepare a budgeted income statement for the curier ended March 31, 2019. 2. Prepare a budgeted balance sheet as of Maren 31, 2019 Print Done Never Company Budgeted Income Statement For the Quarter Ended March 31, 2019 $ 122,100 81,400 81,050 Gross Pront 6,105 1,500 Saling and Administrative Expensas Budged we all on our Budgerec purchases of merchandise imentury, all on account Budgeted cost of goods sold Budgoed saling and administrative expenses Commissions expande Salario De Rent expense Deproslation expanse Insurance expense Budged cash receipts from customers Budged cash payments for meritercise inventory Bud cred cash payments for salaries and commissions Budgcred Income tax expense 4,100 Never Company Past Closing Trial Balance December 31, 2018 Account Debit Credit Cash 3 27 000 Accounts Receivable 19.000 Merchandise Inventory 13 000 Prepaid Insurance Equipment and Fixtures 61.000 Accumulated Depreciation S 19.000 Accounts Payable 25.000 Salaries and Commissions Payable 8.125 Common Stock 18.000 Retained Earnings 57 375 $ 122500 5 122.900 Totals IN 200 100 128,120 6a, 350 15,162 Total Seling and Administrative Expenses Operating Income ILOGS 4,600 Print Donne Net Income Lus) Print Done Choose from any let or enter any number in the input fields and then click Check Answer 2 parts remaining Clear All Check Answer Homework: ACC-260 Topic 3 Assignment Save Score: 10.43 of 30 pts 5 of 5 (5 completel HW Score: 55.69%, 55.68 of 100 pts Question Hap O P22-44A (similar to) Hinge Company has the foloating post closing the balance on December 21, 2015: Click the icon to view the post-dosing trial balance. The company's accounting department has got cred the following budgeting information for the first quarter of 2019: Click the icon to view the buskystinformation.) Accitional Informat on: Rent and income tax expenses are paid as incurred. Insurance expenses an expiration of the prepaid amount Read the requiramants. Requirement 1. Prepare a budgeted income statement for the cuanser ended March 31, 2018 Hinge Company Budgcted Income Statement For the Duarlar Ended March 31, 2019 Gross Pront Scling and Administrative Expenses: Tala Seling and Admiralive Esperas Operating income LOS Not Income IL) Choose from any let or enter any number in the input fields and then click Check Answer ? 2 parts remaining Clear AI Check
