Download Act202-project final. tea stall.docx PDF

TitleAct202-project final. tea stall.docx
TagsBudget Balance Sheet Inventory Income Statement Revenue
File Size173.6 KB
Total Pages17
Document Text Contents
Page 16

-Interest expense 1798

Net income 120682

Budgeted Balance Sheet:

The budgeted balance sheet is developing using data from the
balance sheet from the beginning of the budget period and data
contained in the various schedules.

Alauddin Tea Stall

Budgeted Balance Sheet

December 31, 2017

Current assets:

Cash 17690
Accounts receivable 46800

Raw materials inventory 4250
Finished goods inventory 20246

Total current assets
Land and equipment:

Land 20000

Equipment 5000
Net land and equipment

Total assets

Accounts payable 13678.32
Retained earnings 1000308.68
Total liabilities

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