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Assignment 2 - The University of Texas at Austin McCombs...

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The University of Texas at Austin McCombs School of Business ACC 310F: Foundations of Accounting Assignment 2 Once you have completed the assignment below, you must enter your answers on the answer sheet provided in Blackboard; not all answers will be turned in. Although you can “Save” your answers while working, you must “Submit” them to get credit for the assignment. Once submitted, your answers cannot be changed. Where appropriate, partial credit will be given. Your answer sheet is due by 8am on Monday, October 10, 2011; print or save your confirmation page to verify that your assignment was successfully submitted. Part A Using the information related to the Jackson Furniture Company included in the class notes for chapter 9, prepare a sales, purchases and cash budget as well as a budgeted income statement and the asset section of a budgeted balance sheet for January February and March. Part B Crazy Covers Incorporated buys high-quality, smart phone covers and then resells them for $30 per unit. The
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