pls show me the steps

Consider the following

JuneJune

actual ending balances and

July 31 comma 2018July 31, 2018

budgeted amounts for

OleansOleans:

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(Click the icon to view the information.)Prepare a budgeted balance sheet for

July 31 comma 2018July 31, 2018.

(Hint:

It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.)

Complete the accounting equation for the

JulyJuly

operating information. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity. If a box is not used in the equation leave it empty; do not enter a zero. Abbreviations used: A/P = Accounts Payable, A/R = Accounts Receivable, Accum. Deprec. = Accumulated Depreciation, Merch. = Merchandise.)

Stock-

Merch.

(Accum.

Accounts

holders'

Cash

+

A/R

+

Inventory

+

Furniture

+

Deprec.)

=

Payable

+

equity

June 30 balance

+

+

+

+

=

+

.	JuneJune 30 Merchandise Inventory balance,$17,780
b.	July purchase of Merchandise Inventory, $4,500, paid in cash
c.	July payments of Accounts Payable, $8,500
d.	June 30 Accounts Payable balance, 10,200
e.	June 30 Furniture and Fixtures balance, $34,200; Accumulated Depreciation balance, $29,860
f.	June 30 total stockholders' equity balance, $28,580
g.	July Depreciation Expense,$300
h.	Cost of Goods Sold, 70% of sales
i.	Other July expenses, including income tax, $ 4,000, paid in cash
j.	June 30 Cash balance, $ 11,500
k.	July budgeted sales, all on account, $ 12,400
l.	JuneJune 3030 Accounts Receivable balance, $ 5160
m.	July cash receipts from collections on account, $ 14800