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Prepare a budgeted balance sheet at March 3 1 using the following information from Zimmer Company. a . The cash budget for March shows an
Prepare a budgeted balance sheet at March using the following information from Zimmer Company.
a The cash budget for March shows an ending loan balance of $ and an ending cash balance of $
b The sales budget for March shows sales of $ Accounts receivable at the end of March are budgeted to be of March sales.
c The merchandise purchases budget shows that $ in merchandise will be purchased on credit in March. Purchases on credit are paid in the month following the purchase.
d Ending merchandise inventory for March is budgeted to be units at a cost of $ each.
e Income taxes payable of $ are budgeted at the end of March.
f Accounting records at the end of March show budgeted equipment of $ with accumulated depreciation of $
g Common stock of $ and retained earnings of $ are budgeted at the end of March.
tableZIMMER COMPANY,Budgeted Balance Sheet,
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