View the step-by-step solution to: "Budgeted income statement and balance sheet As a preliminary to

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"Budgeted income statement and balance sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 2013, the following tentative trial balance as of December 31, 2012, is prepared by the Accounting Department of Tahiti Blossom Soap Co.: Cash $100,000 Accounts Receivable 12,300 Finished Goods 76,700 Work in Process 24,300 Materials 54,100 Prepaid Expenses 3,400 Plant and Equipment 295,000 Accumulated Depreciation-Plant and Equipment $140,400 accounts payable 59,000 Common Stock, $10 par 210,000 Retained Earnings 256,400 $665,800 $665,800
Copy of 22-5A_24e.xls

Problem 22-5A
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Score: 78%
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1.
TAHITI BLOSSOM SOAP CO.
Budgeted Income Statement
For the Year Ending December 31, 2013
Sales
Cost of goods sold:

$720,000

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Accounting.xls

Problem 22-5A
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Section:
Score: 100%
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Instructions

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