Question: Based on the following information gathered from the budgets indicated, create a Budgeted Balance Sheet for Pop Products, Inc. for July 31, 2021. Source Budget

Based on the following information gathered from the budgets indicated, create a Budgeted Balance Sheet for Pop Products, Inc. for July 31, 2021. Source Budget Account Amount Cash Budget Cash $44,380 Schedule of Cash Receipts Accounts Receivable $80,720 Direct Material Budget Raw Materials Inventory $29,600 Production Budget Finished Good Inventory 145 units Cost of Goods Sold Budget Finished Good Inventory 315 per unit 2020 Balance Sheet Equipment $323,235 Capital Expenditures Budget Equipment $174,270 2020 Balance Sheet Accumulated Depreciation $14,170 Manufacturing Overhead Budget Accumulated Depreciation $47,330 Schedule of Cash Payments Accounts Payable $26,120 2020 Balance Sheet Common Stock $334,720 2020 Balance Sheet Retained Earnings $71,870 Budgeted Income Statement Retained Earnings $203,670 ASSETS Current Assents Cash Accounts Receivable Raw Materials Inventory Finished Good Inventory Total Current Assets Property, Plant & Equipment Equipment Accumulated Depreciation TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity TOTAL LIABILITIES AND STOCKHOLDERS EQUITY
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