Question: 1 Data Table C. sa Harari, Inc. Balance Sheet December 31, 2018 Assets an Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory





1 Data Table C. sa Harari, Inc. Balance Sheet December 31, 2018 Assets an Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets s2,700 800 100 1450 5,050 Property. Plant, and Equipment Equipment 17,000 (1.000) Less Accumuiated Depreciation 16,000 21.050 PrintDone More Info Sales on account, $21,000 Cash receipts from customers from sales on account, $20,200 Purchase of raw materials on account, $3,000 Payments on account, $4,400 Total cost of completed products, $12,650, which includes the following: Raw materials used, $2,000 Direct labor costs incurred and paid, $6,100 Manufacturing overhead costs incurred and paid, $3,700 Depreciation on manufacturing equipment, $850 Cost of goods sold, $12.600 Selling and administrative costs incurred and paid, $4,000 Purchase of equipment, paid in 2019, $1,600 Print Dorne Harari, Inc. has the following balance sheet at December 31, 2018 EEB (Click the icon to view the balance sheet) Harari projects the following transactions for 2019 Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account) (Cick the icon to view the transactions) Begin by completing the accounting equation for the 2019 transactions. (Use a minus sign or parentheses to enter account reductions and contra asset balances and activity It a box is not used in the equation leave the box empty, do not enter a zero. Abbreviations used ) CashA/RRM Inv.+FG Inv.Equip (A/D) A/P cs RE Dec. 31, 2018 Sales on acct Cash recpts Purch Pmts on acct RM used Direct labor Mig OH Mfg. OH Depr COGS S and A Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019 Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Choose from any list or enter any number in the input fields and then conti nue to then Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities Stockholders' Equity Total Stockholders' Equity
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