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Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare...

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Accounting

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Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year: The beginning balance of retained earnings was $30,000, budgeted net income is $20,200, and budgeted dividends are $3,300. Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by o minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Mecca Copy } \\ \hline \multicolumn{2}{|c|}{ Assets } & \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant and equipment & & \\ \hline & & \\ \hline & & \\ \hline Plant and equipment, net & & \\ \hline Total assets & & \\ \hline & & \\ \hline Current liabilities: & & \\ \hline & & \\ \hline Stockholders' equity: & & \\ \hline & & \\ \hline & & \\ \hline Total stock liabilities and stockholders' equity & & \\ \hline \end{tabular}

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