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Take me to the text Dorah, the sole shareholder of Madmartigan Food Truck, runs a food truck in the suburb of a large city. Her
Take me to the text Dorah, the sole shareholder of Madmartigan Food Truck, runs a food truck in the suburb of a large city. Her balance sheet as at June 30,2020 is as follows: In the upcoming year, Dorah expects the following events to occur: - Total revenues of $25,000 and total expenses of $5,630 In the upcoming year, Dorah expects the following events to occur: - Total revenues of $25,000 and total expenses of $5,630 - Inventory is expected to increase by $1,400 - By the end of June, 2021, Madmartigan Food Truck will owe its suppliers $3,000 - No principal payments will be made on the loan payable during 2021 - Purchase of new equipment for $1,800. The entire purchase will be financed through a loan payable - Expect to have a cash balance of $24,100 at the end of fiscal 2021 - Depreciate assets by $730 during 2021 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Madmartigan Food Truck's budgeted balance sheet as at June 30, 2021. Madmartigan Food Truck Budgeted Balance Shect As at June 30, 2021 Assets Cash 5 inventory Equipment Accumulated Depreciation Total Assets 5 Liabilities Accounts Payable Loan Payable Total tiabisities Shareholder's Equity. Total Liabilities o. Shareholder's Equity 5
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