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Need Help to fill out the budgeted income statement and balance sheet. Informations down below in the last picture. Use the closing entries from last
Need Help to fill out the budgeted income statement and balance sheet. Informations down below in the last picture.
Use the closing entries from last week, and the ending balances to fill out the budgeted income statement and balance sheet. \begin{tabular}{|l|l} \hline 38 & LLABIIIIES \\ \hline 40 & Accounts Payable \\ 41 & Loans Payable \\ 42 & Interest Payable \\ 43 & Income Tax Payable (Benefit) \\ 44 & CURRENT LLABILITIES \\ 45 & \\ 46 & Capital Stock \\ 47 & Additional Paid in Capital \\ 48 & Retained Eamings \\ 49 & STOCKHOLDERS' EQUITY \\ \hline 50 & TOTAI LIABILITES AND \\ 51 & STOCKHOLDERS EQUITY \\ 52 & \\ 53 & \end{tabular} Frepare the adjasting aad closing entries for 2021 based an the badzeted inceme ntatement asd Cash badget tram 6 Fixed assets have no nalrage value over a 10 year period. Use the closing entries from last week, and the ending balances to fill out the budgeted income statement and balance sheet. \begin{tabular}{|l|l} \hline 38 & LLABIIIIES \\ \hline 40 & Accounts Payable \\ 41 & Loans Payable \\ 42 & Interest Payable \\ 43 & Income Tax Payable (Benefit) \\ 44 & CURRENT LLABILITIES \\ 45 & \\ 46 & Capital Stock \\ 47 & Additional Paid in Capital \\ 48 & Retained Eamings \\ 49 & STOCKHOLDERS' EQUITY \\ \hline 50 & TOTAI LIABILITES AND \\ 51 & STOCKHOLDERS EQUITY \\ 52 & \\ 53 & \end{tabular} Frepare the adjasting aad closing entries for 2021 based an the badzeted inceme ntatement asd Cash badget tram 6 Fixed assets have no nalrage value over a 10 year period Step by Step Solution
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