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Take me to the text Norah, the sole stockholder of Barnie Inc., runs a home-cleaning service in the suburb of a large city. Her balance
Take me to the text Norah, the sole stockholder of Barnie Inc., runs a home-cleaning service in the suburb of a large city. Her balance sheet as at August 31, 2019 is as follows: Barnie Inc. Balance Sheet As at August 31, 2019 Assets Cash $5,200 $18,600 Accounts Receivable $8,400 Equipment Accumulated Depreciation $-2,600 Total Assets $29,600 Liabilities Accounts Payable $4,400 Notes Payable $11,800 Total Liabilities $16,200 Stockholder's Equity $13,400 Total Liabilities & Stockholder's Equity $29,600 In the upcoming year, Norah expects the following events to occur: Total revenues of $26,000 and total expenses of $12,990 100% of accounts receivable from the prior year will be collected in the following year Credit sales will represent 55% of revenues for the year 100% of accounts payable owing from 2019 will be paid off in 2020 By the end of August, 2020, Barnie will owe its suppliers $3,300 No principal payments will be made on the bank loan during 2019 Purchase of new equipment for $2,800. The entire purchase will be financed through a bank loan Expect to have a cash balance of $22,300 at the end of fiscal 2020 Depreciate assets by $890 during 2020 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Prepare Barnie Inc.'s budgeted balance sheet as at August 31, 2020. Barnie Inc. Budgeted Balance Sheet As at August 31, 2020 Assets Cash Accounts Receivable TA UNUI SIGUIS ULLULAS 111 LUCHTUL LUAC). Use the negative sign for negative values. Prepare Barnie Inc.'s budgeted balance sheet as at August 31, 2020. Barnie Inc. Budgeted Balance Sheet As at August 31, 2020 Assets Cash $ Accounts Receivable $ Equipment TA Accumulated Depreciation $ Total Assets $ Liabilities Accounts Payable TA Notes Payable $ $ Total Liabilities $ Stockholder's Equity $ Budgeted Balance Sheet As at August 31, 2020 Assets Cash Accounts Receivable Equipment Accumulated Depreciation $ Total Assets Liabilities Accounts Payable Notes Payable $ Total Liabilities $ Stockholder's Equity $ Total Liabilities & Stockholder's Equity Check
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