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Based on the information available to you, complete the Budgeted Balance Sheet worksheet below. Check figures are: January Total Assets = $507,299; February Total Liabilities = $296,563; March Total Current Assets = $319,149.
Based on the information provided to you, complete the Budgeted Statement of Cash Flows using the Indirect Method. Don't forget to include the Supplementary Information. Check Figures are: January 2017 Cash Provided by Operating Activities=$11,229; Cash Paid for Interest in February=$0; Cash Used for Financing Activities in March=($17,000).
Based on the information provided to you, complete the Operating Activities Section of the Budgeted Statement of Cash Flows using the Direct Method. Check Figure: Cash provided by Operating in March 2017=$13,389.
Attachment:- Excel Workbook.xlsx
The solution is in relation to concepts of budgeting. In part D Balance Sheet has been prepares. The solution to part e relates to preparation of cash flow statement using indirect method. And in part F cash flow statement using Direct method for Wine to End Whining Inc. has been prepared All the answers match with check figures.
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