Question: Rossi company has the following projected account balances for June 30, 20X9:
|
Accounts payable
Accounts receivable
Depreciation, factory
Inventones (5/31 & 6/30)
Direct materials used
Office salaries
Insurance. factory
Plant wages
Bonds payable
|
$60.000
$120.000
$24.000
$180.000
$210.000
$92.000
$4.000
$140.000
$160.000
|
Sales
Capital stock
Retained earnings
Cash
Equipment. net
Buildings, net
Utilities. factory
Selling expenses
Maintenance, factory
|
800.000
420.000
?
$ 56.000
260.000
$ 400,000
16.000
50.000
28.000
|
Prepare a budgeted income statement AND a budgeted balance sheet as of June 30, 20X9