Question list
Question
Data table
Budgeted total sales, all on account
Budgeted purchases of merchandise inventory, all on account
Budgeted cost of goods sold
Budgeted selling and administrative expenses:
Commissions expense
Salaries expense
Rent expense
Depreciation expense
Insurance expense
Budgeted cash receipts from customers
Budgeted cash payments for merchandise inventory
Budgeted cash payments for salaries and commissions
Budgeted income tax expense
Blimp Company has the following postclosing trial balance on December :
Click the icon to view the postclosing trial balance.
The company's accounting department has gathered the following budgeting information for the first
quarter of :
Click the icon to view the budget information.
Additional information:
Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of
the prepaid amount.
Read the requirements.
Data table
Prepare a budgeted income statement for the quarter ended March
Prepare a budgeted balance sheet as of March
Prepare a budgeted statement of cash flows for the quarter ended March
