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Only need answer 3,4 and 5 Minden Company is a wholesale distributor of premium European chocolates below . The company's balance sheet as of April
Only need answer 3,4 and 5 Minden Company is a wholesale distributor of premium European chocolates below . The company's balance sheet as of April 30 is given Minden Company Balance Sheet April 3e Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets 17,20e 58,880 48,250 204,80e $ 327,450 Liabilities and Stockholders' Equity Accounts payable Note payable Common stock Retained earnings Total Ilabilities and stockholders' equity 67,800 16, 200 188,000 64,258 S 327,450 The company is in the process of preparing a budget for May and has assembled the following data month's credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the Apri 30 accounts recelvable will be collected in May a Sales are budgeted at $253,000 for May. Of these sales, $75.900 will be for cash; the remainder will be credit sales. One-half of a K Prey 4 of 9Next>
Only need answer 3,4 and 5
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