Saved ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 2 3 Assets Cash

Question

Saved ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 2 3 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets $ 65,000 437,760 90,200 308,028 900,988 630,000 (165,000) 465,000 $1,365,988 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total 1iabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 204,500 27,000 231,500 515,000 746,500 350,000 269,488 619,488 $1,365,988 1 2 To prepare a master budget for April, May, and June of 2017, management gathers the following information:

Explanation / Answer

Note : As per Chegg policy only first 4 part allowed . Kindly upload rest unsolvedpart as seperate question

1.sales budget April May June Quarter Budgeted units sales 22800 16000 23000 61800 x selling price per unit 24 24 24 24 Total Budgeted Sales 547200 384000 552000 1483200

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