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How do you calculate cash assets for this budget balance sheet? Data Table Data Table Ball Company Post-Closing Trial Balance December 31, 2018 Budgeted total
How do you calculate cash assets for this budget balance sheet?
Data Table Data Table Ball Company Post-Closing Trial Balance December 31, 2018 Budgeted total sales, all on account Budgeted purchases of merchandise inventory, all on account Budgeted cost of goods sold Budgeted selling and administrative expenses 121,800 60.400 60,900 Account Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Equipment and Fixtures Debit Credit S 23,000 32,000 15,500 2,400 60,000 Commissions Salaries expense Rent expense Depreciation expense Insurance expense 6,090 7,000 4.100 600 400 125,840 67.775 14,822 5.400 Accounts Payable Salaries and Commissions Payable Common Stock Retained Earnings Totals 10,000 24,000 6,600 18,000 74,300 132,900 Budgeted cash receipts from customers Budgeted cash payments for merchandise inventory Budgeted cash payments for salaries and commissions Budgeted income tax expense 5 132,900 S Print Done Print Done Ball Company Budgeted Balance Sheet March 31, 2019 Assets Current Assets Cash S 56,743Step by Step Solution
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