Posted by: uhi nepali April 6, 2012
"Business Majors" - Need help with an accounting problem
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Just an example, Not populated from your data


Budgeted Balance Sheet

Assets

 

 

 

 

Liabilities and Stockholders' Equity

 

 

 

 

Current assets:

 

 

 

 

Current liabilities:

 

 

 

 

Cash

$

12,200

 

 

Accounts payable

 

 

 

1,800

Accounts receivable

 

8,100

 

 

Stockholders' equity:

 

 

 

 

Supplies inventory

 

3,200

 

 

Common stock

$

5,000

 

 

Total current assets

 

 

$

23,500

Retained earnings

 

34,700

 

 

Plant and equipment:

 

 

 

 

Total stockholders' equity

 

 

 

39,700

Equipment

 

34,000

 

 

 

 

 

 

 

Accumulated depreciation

 

-16,000

 

 

 

 

 

 

 

Plant and equipment, net

 

 

 

18,000

 

 

 

 

 

Total assets

 

 

$

41,500

Total liabilities and stockholders' equity

 

 

$

41,500

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