The management of Zigby Manufacturing prepared the following estimated balance s
ID: 2449712 • Letter: T
Question
The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 69,000 432,000 86,000 348,480 Total current assets Equipment, gross Accumulated depreciation 935,480 614,000 (157,000) Equipment, net 457,000 Total assets $1,392,480 Liabilities and Equity Accounts payable Short-term notes payable 178,700 19,000 $197,700 515,000 Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings 712,700 342,000 337,780 Total stockholders' equity 679,780 Total liabilities and equity $ 1,392,480Explanation / Answer
Answer to the first 4 parts:
Sales Budget Budgeted unit sales Budgeted price Budgeted total $ Apr-15 18000 30 540000 May-15 17000 30 510000 Jun-15 20700 30 621000 Total 3rd Quarter 55700 1671000Related Questions
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