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Harari, Inc. has the following balance sheet at December 31, 2018: E(Click the icon to view the balance sheet.) Harari projects the following transactions for 2019 (Click the icon to view the transactions.) Prepare a 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) budgeted balance sheet for Harari, Inc. for December 31. Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity. If a box is not used in the equation leave the box empty: do not enter a zero. Abbreviations used) Cash A/R +RM Inv. FG Inv Equip + (A/D) A/P CS RE + Dec. 31, 2018 Sales on acct 4 Cash recpts. A + 4 Purch. RM 4 Pmts on acct RM used Direct labor + Mig. OH Depr 4 COGS S and A Purch equip. Dec. 31, 2019 + X iData Table Harari, Inc. Balance Sheet December 31, 2018 la Assets Ca Current Assets: Cash 2,200 Accounts Receivable 700 Raw Materials Inventory 700 1,850 Finished Goods Inventory Total Current Assets 5,450 Property, Plant, and Equipment: 14,000 Equipment (3,500) 10,500 Less: Accumulated Depreciation 15,950 Total Assets Liabilities Current Liabilities: Accounts Payable 1,700 Stockholders' Equity Common Stock, no par S 5,000 9 9.250 Retained Earnings udgeted 14.250 Total Stockholders' Equity 15,950 Total Liabilities and Stockholders' Equity Print Done m any list Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019 i(Click the icon to view the transactions.) Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account) Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities Stockholders' Equity Total Stockholders Equity Prepare a budgeted balance sheet for Hara 2019. (Hint: It may be helpful to trace the ef on the accounting equation to determine the each account.) Harari, Inc. has the following balance sheet at December 31, 2018: EE(Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: i(Click the icon to view the transactions.) Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Accounts Payable Accounts Receivable Cash Common Stock, no par Cost of Goods Sold Depreciation Expense Equipment Finished Goods Inventory Less: Accumulated Depreciation Raw Materials Inventory Retained Eanings Sales Revenue Selling and Administrative Expenses uity ecsse eeeesee Total Stockholders' Equity Total Liabilities and Stockholders Equity Choose from any list or enter any number in the input tnelds and then continue to the next question Prepare a budgeted balance sheet for Har 2019. (Hint: It may be helpful to trace the e on the accounting equation to determine th each account.) ance sheet at December 31, 2018 alance sheet.) nsactions for 2019: ransactions.) i Abbreviations ter a zero. Accumulated Depreciation Accounts Payable CS A/D A/P Accounts Receivable A/R Cash recpts. Cash receipts from customers Cost of Goods Sold COGS Common Stock CS Depreciation Equipment Finished Goods Inventory Manufacturing Overhead Payments on account Purchase of equipment Purchase of raw materials on account manufacturing equipment Depr. on Equip. FG Inv. Mfg. OH Pmts on acct Purch. equip. Purch. RM RE Retained Earnings Raw Materials Inventory RM Inv RM used Raw materials used S and A Selling and Administrative Sales on account Sales on acct Print Done nce Harari, inc X + w the transactions.) e accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter ace ces and activity. If a box is not used in the equation leave the box empty: do not enter a zero. X More Info i account, $19,000 Sales on Cash receipts from customers from sales on account, $16,400 Purchase of raw materials on account, $2,000 Payments on account, $2,000 Total cost of completed products, $14,800, which includes the following Raw materials used, $2,000 Direct labor costs incurred and paid, $5,400 Manufacturing overhead costs incurred and paid, $6,700 Depreciation on manufacturing equipment, $700 Cost of goods sold, $11,400 Selling and administrative costs incurred and paid, $1,500 Purchase of equipment, paid in 2019, $2,400 Print Done 19 4 udaeted balance sheet for Harari Inc. for December 31, 2019
