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I need help with creating: -cash budget -budgeted income statement (for the entire second quarter) -budgeted balance sheet The management of Zigby Manufacturing prepared the
I need help with creating:
The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net $ 48,000 438,750 87,900 383,760 958,410 616,000 (158,900) 458,008 $1,416,410 Total assets Liabilities and Equity $ 187,200 20,000 207,280 508,000 715,200 343,000 358,210 701,210 Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total 1iabilities Common stock Retained earnings Total stockholders' equity Total Iiabilities and equity $ 1,416,410 To prepare a master budget for April, May, and June of 2017, management gathers the following information -cash budget
-budgeted income statement (for the entire second quarter)
-budgeted balance sheet
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