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Consider the following June actual ending balanoes and JUYY 31,2024 budgeted amounts for Odas: (1) (Cick the icon to view the information.). Prepare a budgeted balance sheet for July 31, 2024. (Hint It may be helptul to trace the ellects of each transaction on the accounting equation to detarmine the ending balance of each account) Complete the accounting equabon for the July operating intormation. (Use a minus sign or perentheses to enter account roductions and contra asset baiancest and activity if an input field is not usein the equation leave is emply, do not enter a zeto. Abberevations used. Ap a Acoounts Payable. AR = Accounts Recoivable, Accum. Dogrec = Accumulated Deprecision, Merch is Merchandse ) a. June 30 Merchandise Inventory balance, $17,760 b. July purchase of Merchandise Inventory, $4,100, paid in cash c. July payments of Accounts Payable, $8,200 d. June 30 Accounts Payable balance, $10,300 e. June 30 Furniture and Fixtures balance, $34,600; Accumulated Depreciation balance, $29,810 f. June 30 total stockholders' equity balance, $28,770 g. July Depreciation Expense, $200 h. Cost of Goods Sold, 60% of sales i. Other July expenses, including income tax, $7,000, paid in cash j. June 30 Cash balance, $11,400 k. July budgeted sales on account, $12,400 I. June 30 Accounts Receivable balance $5,120 m. July cash receipts from payments on account, $14,200