This paper circulates around the core theme of Prepare a budgeted income statement AND a budgeted balance sheet as of June 30, 20X9. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Gardenia Company has the following projected account balances for June 30, 20X9:
Accounts payable $ 60,000 Sales $ 800,000
Accounts receivable $ 100,000 Capital stock $ 400,000
Depreciation, factory $ 36,000 Retained earnings ?
Inventories (5/31 & 6/30) $ 180,000 Cash $ 56,000
Direct materials used $ 200,000 Equipment, net $ 240,000
Office salaries $ 80,000 Buildings, net $ 400,000
Insurance, factory $ 4,000 Utilities, factory $ 16,000
Plant wages $ 140,000 Selling expenses $ 50,000
Bonds payable $ 160,000 Maintenance, factory $ 28,000
Prepare a budgeted income statement AND a budgeted balance sheet as of June 30, 20X9.
