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    Preparing a Budgeted Balance Sheet

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    Can you help me prepare a budgeted balance sheet for July 31, 2012 incorporating the information below?

    - June 30 inventory balance $17,750
    - July payments for inventory, $4,300
    - July payments of accounts payable and accured liabilities, $8,200
    - June 30 accounts payable balance $10,600
    - June 30 furniture and fixture balance, $34,500
    - Accumulated depreciation balance $29,830
    - June 30 equity, $28,360
    - July depreciation expense, 900
    - Cost of goods sold, 50% of sales
    - Other July expenses, including income tax, total $6,000, paid in cash
    - June 30 cash balance, $11,400
    - July budgeted credit sales, $12,700
    - June 30 accounts receivable balance, $5,140
    - July cash receipts, $14,200.

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    https://brainmass.com/business/cash-budgeting/preparing-budgeted-balance-sheet-501068

    Solution Preview

    Budgeted Balance Sheet
    July 31, 2012

    Assets
    Current Assets:
    Cash $7,100
    Accounts Receivable $3,640 ...

    Solution Summary

    The expert prepares a financial budget balance sheet.

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