Question: PLEASE ANSWER ALL THE REQUIREMENTS ASAP More Info Data Table TA(similar to) Short Printing Supply of Bachas applied for a loan its miche con 10



More Info Data Table TA(similar to) Short Printing Supply of Bachas applied for a loan its miche con 10 vite balance sheet:) As Sheet Ping Supplyscontroler you have embed ki soontow the information) Sheet Printing Supply thalance Sheet March 31, 2016 Assets April dividends of $2,000 were declared and paid April capital expenditures of $17.000 budgeted for cashpurchase of equipment April apreciation expense 5300 d. Cost of goods sold, 45% of sales e Desired ending story for Aprilis 524.800 Aerialing and administrative expenses include store of 37.000,201 of which will be paid in and the remainder pod month din pling and are expense ondode miscellaneous expers of 5% of sales, pard in April Apre budged le. SB7,00070% collected in April 30% in May. Apricash payments of March 31 luned for March purchase try 1.200 Apr purchases of invertory, 514.950 for cash and $37.000 on socount Mail the credit purchases will be paid in April and hair in May Requirements Asses Read the recurements Sheet Printing Supply Sai Budget For the Month Ended April 30, 2016 BY 000 Total budgeted sales Requirement 2. Prepare the inventory, purchases, and cost Shell Printing Sol inventy, Purchases, and Coat of Good Gold For the Month Ended April 30, 2016 $ 1. 50.400 12.400 12.000 5 74.800 Account Receivable Merchandisinvettory Tool Current Assets Property Plant und Ent Equipment and Fotos Les Acumud Depo 81.000 112.000 1 68,00 TA 143,200 P Total merchandise inventory required Liabi Current Lab Accounts Payable 5 Budgerid Purchase 1. Prepare the sale budget for April 2. Prepare the inventory purchases, and cost of goods sold budget for April 3. Prepare the seling and motivere budget for April 4. Prepare the schedule of cash receipts from customers for Art Prepare the schedule of cash payments for selling and rative expenses for April & Prepare the budget for April. Assume the company does not short-term financing to maintain a minimum cash balance 7. Prepare the budgeted income statement for Art Prepare the budgeted balance sheet or 30, 2016 Prepare the budgeted statement of cash flows for April Stockholders' Equity boose from any or enter any number in the input field and then click Print Done parts Shoot Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet April 30, 2016, and a budgeted statement of cash flows for Apt. The March 31, 2016 balance the (Click the icon to view the balance sheet) As Sheet Printing Supply's controler, you have assembled the following additional information (Click the icon to view the information) Read the requirements Requirement 1. Prepare the sales budget for April Sheet Printing Supply Sales Budget For the Month Ended April 30, 2016 Total budgeted sales 87.000 Requirement 2. Prepare the twentory. Purchases, and cost of goods sold budget for rent Sheet Printing Supply Inventory. Purchanan, and cost of doet Sold Budget For the Month Ended April 30, 2016 Plus Total merchandise Inventory required plete) H an. Its bank has requested a budgeted balance sheet at April 30, 2016, and a budgeted statement of cash flows for April. The March 31, 2016 balance abled the following additional information: i More Info a. April dividends of $2,000 were declared and paid. b. April capital expenditures of $17,000 budgeted for cash purchase of equipment c. April depreciation expense, $300. d. Cost of goods sold, 45% of sales. e. Desired ending inventory for April is $24,800. f. April selling and administrative expenses include salaries of $37,000, 20% of which will be paid in cash and the remainder paid next month. 9. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $87,000, 70% collected in April and 30% in May. I. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,200. 1. April purchases of inventory. $14,950 for cash and $37,000 on account. Half the credit purchases will be paid in April and half in May. nd cost of good ds Sold Budg 2016 Print Done put fields and then click Check Answer Clear All i - Requirements 1. Prepare the sales budget for April. 2. Prepare the inventory, purchases, and cost of goods sold budget for April. 3. Prepare the selling and administrative expense budget for April. 4. Prepare the schedule of cash receipts from customers for April. 5. Prepare the schedule of cash payments for selling and administrative expenses for April. 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. 7. Prepare the budgeted income statement for April. 8. Prepare the budgeted balance sheet at April 30, 2016. 9. Prepare the budgeted statement of cash flows for April. udg Print Done Data lable April. Current Assets: Cash $ 50,400 Accounts Receivable 12,400 12,000 74,800 Merchandise Inventory Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation 81,000 (12,600) 68,400 Total Assets $ 143,200 Liabilities Current Liabilities: Accounts Payable $ 8,200 Stockholders' Equity $ Common Stock, no par 20,000 115,000 Retained Earnings Total Stockholders' Equity 135,000 Total Liabilities and Stockholders' Equity $ 143,200 Print Done
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
