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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 31 using the following information from Zimmer Company.
a. The cash budget for March shows an ending loan balance of $13,000 and an ending cash balance of $51,900.
b. The sales budget for March shows sales of $126,000. Accounts receivable at the end of March are budgeted to be 70% of March sales.
c. The merchandise purchases budget shows that $89,600 in merchandise will be purchased on credit in March. Purchases on credit are paid 100% in the month following the purchase.
d. Ending merchandise inventory for March is budgeted to be 660 units at a cost of $35 each.
e. Income taxes payable of $26,600 are budgeted at the end of March.
f. Accounting records at the end of March show budgeted equipment of $83,400 with accumulated depreciation of $32,200.
g. Common stock of $28,000 and retained earnings of $57,200 are budgeted at the end of March.
\table[[ZIMMER COMPANY,],[Budgeted Balance Sheet,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]
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