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Budgeted Balance Sheet The management of Academic Copy a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next

Budgeted Balance Sheet

The management of Academic Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year:

 

 

The beginning balance of retained earnings was $21,000, net income is budgeted to be $8,600, and dividends are budgeted to be $3,500.

Required:

Prepare the company’s budgeted balance sheet.

Jun 28 2020 View more View Less

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