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I need the answers for cash budget and budgeted income statement in the format showing below (last picture). I provided previous answers to help solve
I need the answers for cash budget and budgeted income statement in the format showing below (last picture). I provided previous answers to help solve the problem thanks!
management of Nabar Manufacturing prepared the following estimated balance sheet for June, Problem 22-4B Manufacturing: le Preparation of a complete master budget NABAR MANUFACTURING P1 P2 P3 Estimated Balance Sheet June 30,2015 Assets Liabilities and Equity 40,000 Accounts payable 51,400 Accounts receivable 249900 Income taxes payable 10,000 Raw materials inventory Short-term notes payable 35.000 24.000 Total current liabilities finished goods inventory 24,080 85.400 565,980 Long-term note payable Total current assets 300.000 720,000 Total liabilities Equipment gross 385,400 Accumulated depreciation 240,000) Common stock 600,000 480,000 Equipment, net Retained earnings 60,580 Total stockholders' equity 660,580 Tocal assets. 045,980 Total liabilities and equity $1.045.980 Step by Step Solution
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