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Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for
Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3
The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017
I need help answering the requirement 10 for the problem
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets $ 57,000 464,000 91,600 380,480 993,080 634,000 (167,000) 467,000 $1,460,080 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and eqquity $ 206, 300 29,000 235,300 520,000 755, 300 352,000 352,780 704,780 $1,460,080Step by Step Solution
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