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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

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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 $16,500 and an ending cash balance of $66,750. b. The sales budget for March shows sales of $133,000. Accounts recelvable at the end of March are budgeted to be 65% of March sales. c. The merchandise purchases budget shows that $90,300 in merchandise will be purchased on credit in March. Purchases on credit ate paid 100% in the month following the purchase. d. Ending merchandise inventory for March is budgeted to be 730 units at a cost of $30 each. e. Income taxes payable of $27,300 are budgeted at the end of March. f. Accounting records at the end of March show budgeled equipment of $82,700 with accumulated depreciation of $33,600. g. Common stock of $31,500 and retained earnings of $58.600 are budgeted at the end of March

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