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Please fill in the blanks where there needed. Exercise 8-9 (Algo) Budgeted Balance Sheet (LO8-10] The management of Mecca Copy, a photocopying center located on

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Please fill in the blanks where there needed.

Exercise 8-9 (Algo) Budgeted Balance Sheet (LO8-10] The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 9,400 $ 3,200 $ 40,500 $ 16,400 $ 3,100 $ 5,000 ? The beginning balance of retained earnings was $30,000, net income is budgeted to be $20,200, and dividends are budgeted to be $3,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) X Answer is not complete. Mecca Copy Budgeted Balance Sheet Assets Current assets: Cash $ 18,300 Accounts receivable 9,400 Supplies inventory Equipment 3,200 40,500 X Total current assets $ 71,400 Plant and equipment: Plant and equipment, net 0 Total assets $ 71,400 Liabilities and Stockholders' Equity Current liabilities: x $ 16,400 Accumulated depreciation Stockholders' equity: Accounts payable x $ Common stock 3,100 X 5,000 46,900 Retained earnings Total stockholders' equity 55,000 Total liabilities and stockholders' equity $ 71,400 Mecca Copy Budgeted Balance Sheet Assets Current assets: Cash $ 18,300 9,400 Accounts receivable 3,200 Supplies inventory Equipment 40,500 Total current assets $ 71,400 Plant and equipment: Plant and equipment, net 0 Total assets $ 71,400 Liabilities and Stockholders' Equity Current liabilities: $ 16,400 Accumulated depreciation Stockholders' equity: Accounts payable $ 3,100 Common stock 5,000 46,900 Retained earnings Total stockholders' equity 55,000 Total liabilities and stockholders' equity $ 71,400

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