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Homework: Ch. 9 MyAcctgLab Assignment Save HW Score: 18.8%, 1.69 of 9 pts Question Help O Score: 0 of 1 pt 8 of 9 (3
Homework: Ch. 9 MyAcctgLab Assignment Save HW Score: 18.8%, 1.69 of 9 pts Question Help O Score: 0 of 1 pt 8 of 9 (3 complete) E9-34A (similar to) Use the following information to prepare a budgeted balance sheet for Omas.com at March 31. Show computations for the cash and owners' equity amounts. (Click icon to view the March operating information.) Begin by determining the formula, then compute the ending cash balance Data Table Ending = cash balance March 31 inventory balance, S16,135 b. March payments for inventory. $4,500 March payments of accounts payable and accrued liabilities, $8,800 d. March 31 accounts payable balance, $1,500 e. February 28 fumiture and fixtures balance, $34,600; accumulated depreciation balance, $29,850 f. February 28 owners' equity, $28,760 g. March depreciation expense, $700 h. Cost of goods sold, 50% of sales i. Other March expenses, including income tax, total $5,000; paid in cash j. February 28 cash balance, $11,200 K. March budgeted sales, $12,100 I. March 31 accounts receivable balance, one-fourth of March sales m. March cash receipts, S14,300 Print Done
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