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The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance
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 oints 03 04:34:52 eBook Hint Ask References Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation. Accounts payable Common stock Retained earnings ? $ 8,400) $ 4,500 $ 35,500 $ 14,400 $2,100 $ 5,000 The beginning balance of retained earnings was $31,000, net income is budgeted to be $15.100, and dividends are budgeted to be $5,000 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
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