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Author Question: Russell Company has the following projected account balances for June 30, 2018: Accounts ... (Read 40 times)

abc

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on: Mar 6, 2021
Russell Company has the following projected account balances for June 30, 2018: 

Accounts payable$80,000Sales$1,600,000
Accounts receivable200,000Capital stock800,000
Depreciation, factory48,000Retained earnings?
Inventories (5/31 & 6/30)360,000Cash112,000
Direct materials used400,000Equipment, net480,000
Office salaries160,000Buildings, net800,000
Insurance, factory8,000Utilities, factory32,000
Plant wages280,000Selling expenses120,000
Bonds payable320,000Maintenance, factory56,000

Required:
a.Prepare a budgeted income statement for June 2018
b.Prepare a budgeted balance sheet as of June 30, 2018. 
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by abc on Mar 6, 2021

Joy Chen

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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