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Not understanding how to find these answers. Sarah, the sole stockholder of Barnie |nc., runs a homecleaning service in the suburb of a large city.

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Not understanding how to find these answers.

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Sarah, the sole stockholder of Barnie |nc., runs a homecleaning service in the suburb of a large city. Her balance sheet as at January 31. 2019 is as follows: Assets Cash $4,400 Accounts Receivable $12,300 Equipment $8,600 Accumulated Depreciation 51.100 Total Assets $24,200 Liabilities Accounts Payable $3,300 Notes Payable $10,400 Total Liabilities $13,700 Stockholders Equity $10,500 Total Liabilities 81 Stockholder's Equity $24,200 In the upcoming year, Sarah expects the following events to occun - Total revenues of $27,000 and total expenses of $6,090 0 100% of accounts receivable from the prior year will be collected in the following year 0 Credit sales will represent 59% of revenues for the year 0 100% of accounts payable owing from 2019 will be paid off in 2020 0 By the end ofJanuary. 2020. Barnie will owe its suppliers $3.500 - No principal payments will be made on the bank loan during 2019 - Purchase of new equipment for $2,600. The entire purchase will be nanced through a bank loan - Expect to have a cash balance of $22,500 at the end of scal 2020 0 Depreciate assets by $620 during 2020 Prepare Barnie Inc.'s budgeted balance sheet as at January 31, 2020. Barnie Inc. Budgeted Balance Sheet As at January 31, 2020 Assets Cash $ 22500 Accounts Receivable X Equipment Accumulated Depreciation Total Assets Liabilities Accounts Payable 3500 Notes Payable Total Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity $

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