Can someone help me figure out the cash for this problem? The management...
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Accounting
Can someone help me figure out the cash for this problem?
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: 9 8 Ending Balances Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 9,700 $ 3,800 $ 42,000 $ 17,000 $ 3,400 $ 5,000 0 The beginning balance of retained earnings was $33,000, net income is budgeted to be $16,900, and dividends are budgeted to be $3,500 2 Required Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
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