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Business, 02.11.2019 06:31 jaylenmiller437

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 $ 8,800 supplies inventory $ 5,300 equipment $ 37,500 accumulated depreciation $ 15,200 accounts payable $ 2,500 common stock $ 5,000 retained earnings ? the beginning balance of retained earnings was $35,000, net income is budgeted to be $19,900, and dividends are budgeted to be $2,900. required: prepare the company’s budgeted balance sheet.

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