Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Aug 2017 My Price 12.00

management of Academic Copy,

The management of Academic 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
Cash   ?
Accounts receivable $ 9,300
Supplies inventory $ 3,500
Equipment $ 34,000
Accumulated depreciation $ 15,800
Accounts payable $ 1,710
Common stock $ 4,600
Retained earnings   ?

 

The beginning balance of retained earnings was $34,000, net income is budgeted to be $12,000, and dividends are budgeted to be $3,400.

 

Required:

Prepare the company's budgeted balance sheet.(Be sure to list the assets and liabilities in order of their liquidity.Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.)

 

Academic Copy
Budgeted Balance Sheet
Assets    
Current assets:    
(Click to select)Supplies inventoryEquipmentAccounts receivableAccumulated depreciationCash $  
(Click to select)CashAccounts receivableEquipmentSupplies inventoryAccumulated depreciation    
(Click to select)Accumulated depreciationSupplies inventoryCashEquipmentAccounts receivable    
 
 
Total current assets   $
Plant and equipment:    
(Click to select)CashSupplies inventoryAccumulated depreciationEquipmentAccounts receivable    
(Click to select)CashAccounts receivableAccumulated depreciationEquipmentSupplies inventory    
 
 
Plant and equipment, net    
   
Total assets   $
   
Liabilities and Stockholders' Equity    
Current liabilities:    
(Click to select)Bills payableNotes payableAccounts payableRetained earningsCommon stock   $
Stockholders' equity:    
(Click to select)EquipmentCommon stockBills payableNotes payableAccounts payable    
(Click to select)Retained earningsBills payableAccounts PayableEquipmentNotes payable    
 
 
Total stockholders' equity    
   
Total liabilities and stockholders' equity   $

 

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Aug 2017 10:08 PM My Price 12.00

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