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Saved Help Say The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its

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Saved Help Say The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 10, 100 Supplies inventory $ 4, 600 Equipment $ 44,000 Accumulated depreciation $ 17, 800 Accounts payable $ 3, 800 Common stock $ 5, 000 Retained earnings 2 The beginning balance of retained earnings was $37,000, net income is budgeted to be $21,700, and dividends are budgeted to be $4,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: Prev 5 of 9 : Next >

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