Question 12 - Exercises - Algor X Dashboard X C Exercise 20-22 (Algo) Manufaccalculator - Google Search X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASSBKE... ( ) * 1 0 Update : M Gmail YouTube Maps BIOL 1111 Lab- Sp... Bb WGTC - Blackboa... O My Apps Dashboa M McGraw-Hill Conn... Course Home Exercises - Algorithmic (Part 2) i Saved Help Save & Exit Submit Check my work 12 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 $19,000 and an ending cash balance of $59,700. b. The sales budget for March shows sales of $138,000. Accounts receivable at the end of March are budgeted to be 70% of March sales. 8 c. The merchandise purchases budget shows that $90,800 in merchandise will be purchased on credit in March. Purchases on credit points are paid 100% in the month following the purchase. d. Ending merchandise inventory for March is budgeted to be 780 units at a cost of $35 each. e. Income taxes payable of $27,800 are budgeted at the end of March. f. Accounting records at the end of March show budgeted equipment of $82,200 with accumulated depreciation of $34,600. eBook g. Common stock of $34,000 and retained earnings of $59,600 are budgeted at the end of March. Hint ZIMMER COMPANY Budgeted Balance Sheet As of March 31 Print Assets Cash References Accounts receivable Merchandise Inventory o o $ Mc Graw