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Required information Schedules of Expected Cash Collections and Disbursements; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-9, LO8-10] [The following information applies to the questions displayed
Required information Schedules of Expected Cash Collections and Disbursements; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-9, LO8-10] [The following information applies to the questions displayed below.] Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Accounts receivable Inventory Plant and equipment, net of depreclation Total assets $ 91,000 133, 000 36, 000 213, 000 $ 473, 000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 74, 000 328, 000 71,000 $ 473, 000 Total liabilities and stockholdersequity
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