Question: Developing a Master Budget for a Merchandising Organization (LO3) Peyton Department Store prepares budgets quarterly. The following information is available for use in planning the

Developing a Master Budget for a Merchandising Organization

(LO3)

Peyton Department Store prepares budgets quarterly. The following information is available for use in

planning the second quarter budgets for 2014.

PEYTON DEPARTMENT STORE

Balance Sheet

March 31, 2014

Assets Liabilities and Stockholders

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