Question: need help with this by 1130 thank you Next Question Score: 0 of 1 pt 5 of 5 (0 complete) EM7-36 (similar to) Consider the

Next Question Score: 0 of 1 pt 5 of 5 (0 complete) EM7-36 (similar to) Consider the following June actual ending balances and July 31, 2024 budgeted amounts for Olvas (Click the icon to view the information) Prepare a budgeted balance sheet for July 31, 2024 (Hint It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account) Complete the accounting equation for the July operating information (Use a minus signor parentheses to unto account reductions and contra asset balances and activity it an input field is not used not enter a zoro Abbreviations used: AJP Accounts Payable AR Accounts Receivable, Accum Deproc Accumulated Depreciation, March = Merchandise) Merch Inventory Cash Stock Holders uly Accum Dopred AR Accounts Payable Fumure June 30 balance Enteral number the edit beds and thick Check AG 10 CA Type here to search o E a Accounts Payabb Use a minus sign or parentheses to enter account reductions and contra asset balances and activity If an in i More Info -X M AR + Inv 14 e. a. June 30 Merchandise Inventory balance, 517,730 b. July purchase of Merchandise Inventory, $4,700, paid in cash c. July payments of Accounts Payable, 58,100 d. June 30 Accounts Payable balance, $10,800 June 30 Furniture and Fixtures balance, $34,300. Accumulated Depreciation balance 529,860 f. June 30 total stockholders' equity balance. $28,260 g. July Depreciation Expense, $400 h. Cost of Goods Sold, 40% of sales 1. Other July expenses, including income tax $5,000 paid in cash i June 30 Cash balance, S11,700 k. July budgeted sales on account, $12,200 1. June 30 Accounts Receivable balance 55,190 m. July cash receipts from payments on account $14. 200 hen click Check Print Done Bi a
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