Question: When filling out balance sheet do same layout as problem please equity amounts. Use the following information to prepare a budgeted balance sheet for Olivas


When filling out balance sheet do same layout as problem please
equity amounts. Use the following information to prepare a budgeted balance sheet for Olivas Corporation at March 31. Show computations for the ca (Click the icon to view the March operating information.) . Begin by determining the formula, then compute the ending cash balance. - X Data table Ending + = cash balance + Next determine the formula, then compute the ending owners' equity. Stockholders' = equity a. March 31 inventory balance, $9,855. b. March payments for inventory, $4,800. c. March payments of accounts payable and accrued liabilities, $8,400. d. March 31 accounts payable balance, $2,000. e. February 28 furniture and fixtures balance, $34,500; accumulated depreciation balance, $29,880 f. February 28 stockholders' equity, $22,000. g. March depreciation expense, $600. h. Cost of goods sold, 50% of sales. i. Other March expenses, including income tax, total $8,000; paid in cash. j. February 28 cash balance, $11,600. j k. March budgeted sales, $12,300. I. March 31 accounts receivable balance, one-fourth of March sales. m. March cash receipts, $14,200. Prepare the asset section of the balance sheet, then prepare the liabilities and owners' equity section. Olivas Corporation Budgeted Balance Sheet March 31 Assets Current assets: Cash Accounts receivable Print Done Inventory Total current assets Plant assets: Next question equity amounts. Use the following information to prepare a budgeted balance sheet for Olivas Corporation at March 31. Show computations for the ca Click the icon to view the March operating information.) Olivas Corporation Budgeted Balance Sheet March 31 Assets Current assets: Cash Accounts receivable Inventory Total current assets Plant assets: Furniture and fixtures Accumulated depreciation Total assets Liabilities Current Liabilities: Accounts payable Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity
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