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I've been working on this but I keep getting stuck? Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending
I've been working on this but I keep getting stuck?
Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances 2 $ 8,400 $ 4,500 $ 35,500 $ 14,400 $ 2,100 $ 5,000 The beginning balance of retained earnings was $31,000, net income is budgeted to be $15,100, and dividends are budgeted to be $5.000. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets Cash $ Accounts receivable Supplies inventory 20.000 8,400 4,500 $ 33,800 Total current assets Plant and equipment: Accumulated depreciation 14,400 14.400 48.200 $ Plant und equipment, not Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders' equity Common stock $ $ 2,100 5,000 Step by Step Solution
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