Purpose the company budgeted balance sheet

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Reference no: EM1311523

Prepare the company's budgeted balance sheet.

The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year:

	Ending Balances
Cash	?
Accounts receivable	$8,100
Supplies inventory	$3,200
Equipment	$34,000
Accumulated depreciation	$16,000
Accounts payable	$1,800
Common stock	$5,000
Retained earnings	?

The beginning balance of retained earnings was $28,000, net income is butgeted to be $11,500, and dividends are butgeted to be $4,800.

Required:

Purpose the company budgeted balance sheet.

Reference no: EM1311523

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