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PLEASE I NEED THESE ASAP WILL GIVE THUMBS UP! :) Use the following information to prepare a budgeted balance sheet for Games.com at March 31.
PLEASE I NEED THESE ASAP WILL GIVE THUMBS UP! :)
Use the following information to prepare a budgeted balance sheet for Games.com at March 31. Show computations for the cash and owners' equity amounts. E (Click the icon to view the March operating information.) Begin by select the labels to complete the formula, and then compute the ending cash balance. Ending cash balance March operating information a. March 31 inventory balance, $14,850 b. March payments for inventory, $5,400 c. March payments of accounts payable and accrued liabilities, $8,800 d. March 31 accounts payable balance, $3,700 e. February 28 furniture and fixtures balance, $34,300; accumulated depreciation balance, $29,810 f. February 28 owners' equity, $27,140 g. March depreciation expense, $450 h. Cost of goods sold, 70% of sales i. Other March expenses, including income tax, total $7,000; paid in cash j. February 28 cash balance, $12,400 k. March budgeted sales, $12,000 I. March 31 accounts receivable balance, one-fourth of March sales m. March cash receipts, $13,900 Begin by select the labels to complete the formula, and then compute the ending cash balance. Ending cash balance Beginning balance Cost of goods sold Receipts Sales revenue Begin by select the labels to complete the formula, and then compute the ending cash balance. Ending cash balance Cost of goods sold, depreciation, and other expenses Cost of goods sold and other expenses Depreciation and other expenses Payments for inventory and other expenses Payments for inventory, liabilities, and other expenses Payments for liabilities and other expenses
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