The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY MANUFACTURING Balance She

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The Management Of Zigby Manufacturing Prepared The Following Balance Sheet For March 31 Zigby Manufacturing Balance She 1 (90.89 KiB) Viewed 19 times

The management of Zigby Manufacturing prepared the following balance sheet for March 31. ZIGBY MANUFACTURING Balance Sheet March 31 Assets Cash Accounts receivable Accounts payable $ 40,000 Liabilities 344,400 98,500 325,540 Raw materials inventory Loan payable Long-term note payable Finished goods inventory Equipment Equity Less: Accumulated depreciation 450,000 Common stock Retained earnings Total assets $ 1,258,440 Total liabilities and equity $ 600,000 150,000 Liabilities and Equity $ 201,000 12,000 500,000 335,000 210,440 $ 713,000 545,440 $ 1,258,440
Budgeted balance sheet at June 30. (Round your final answers to the nearest whole dollar.) ZIGBY MANUFACTURING Budgeted Balance Sheet June 30 Assets Cash ✓ $ 61,080 Accounts receivable ✓ 336,000✔ Raw materials inventory ✓ 80,000✔✔ Finished goods inventory ✓ 325,540✔ Equipment ✓ $ 700,000 ✓ Less: Accumulated depreciation ✓ 210,000✔ Total assets Liabilities and Equity Liabilities Accounts payable Loan interest Taxes payable Long-term note interest Common stock Retained earnings Total Liabilities and Equity Equity ›› › ✓ $ X › › › × $ ✓ 182,000 ✓ 26,313✔ 708,313 x 335,000✔✔ 249,307✔ 490,000 $1,292,620 $1,500,933