Wolfpack Company is a merchandising company that is preparing a budget for the month of July. It has provided the following information: Assets Cash Wolfpack Balance June Accounts receivable Inventory Buildings and equipment, no Total assets Liabilities and Stockholde Accounts payable Common stock Retained earnings Total liabilities and stocl Budgeting Assumptions: 1. All sales are on account. Thirty percent of the credit sales are collected in the month of sale and