ACC 206 Week 5 Chapter 22 E 22-19

Get perfect grades by consistently using www.college-experts.com. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper


This file contains ACC 206 Week 5 Chapter 22 E 22-19

E22-19 Preparing a financial budget [25–30 min]

Consider the following June actual ending balances and July 31, 2012, budgeted amounts for Oleans.com:

a. June 30 inventory balance, $17,750

b. July payments for inventory, $4,300

c. July payments of accounts payable and accrued liabilities, $8,200

d. June 30 accounts payable balance, $10,600

e. June 30 furniture and fixtures balance, $34,500; accumulated depreciation balance, $29,830

f. June 30 equity, $28,360

g. July depreciation expense, $900

h. Cost of goods sold, 50% of sales

i. Other July expenses, including income tax, total $6,000, paid in cash

j. June 30 cash balance, $11,400

k. July budgeted credit sales, $12,700

l. June 30 accounts receivable balance, $5,140

m. July cash receipts, $14,200

Requirement

1. Prepare a budgeted balance sheet.

Writerbay.net

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper