budget2 - Stockholders Equity Retained earnings March 31 4...

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2 ) ( * = 0.05 ) = $59,130 Current assets $ 42,112 Cash $ 69,108 $135,108 66,000 $55,845 Mortgage payable ( $4,000 Total stockholders' equity Total liabilities and stockholders' equity Common stock Assets Stillwater Video Company, Inc. Finished goods inventory Denise Keaton Budgeted Balance Sheet March 31 2. Budgeted balance sheet prepared. ) ) 52,404 Prepaid expenses $3,420 + 59,130 203,670 14,220 $170,602 ) Materials inventory Work in process inventory Accounts receivable ( $19,900 × $20,000 163,384 $110,980 Current liabilities Beginning balance Net income for period Retained earnings
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Unformatted text preview: Stockholders' Equity Retained earnings, March 31 4 × $262,800 Accumulated depreciation + ( $ 54,802 39,800 14,210 Note: No dividends were paid. 253,384 $388,492 17,880 20,490 23,420 $262,800 Total current assets Plant and equipment Less accumulated depreciation Total assets × ) $9,480 Other assets Income taxes payable Liabilities $ 90,000 Total current liabilities $388,492 × Total liabilities $70,000 Long-term liabilities 0.80 1.50 Accounts payable ( $52,640 26,996 * denise keaton2...
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  • Spring '14
  • Mr.PatrickNGordon
  • Current Liabilities, Generally Accepted Accounting Principles, total liabilities, Total Current Liabilities, Budgeted Balance Sheet, Denise Keaton

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