only need total budgeted assets These budgeted financial statement items are for Snyder Corporation at year-end, July 31, 2022.Salaries and wages payable$ 2,580Salaries and wages expense50,700Utilities expense22,60021,000EquipmentAccounts payable4,10062,1008,500Service revenueRent revenueNotes payable (due 2024)1,800Common stock16,000Cash20,200Accounts receivable12,780Accumulated depreciation-equipment6,000Dividends5,000Depreciation expense4,000Retained earnings (beginning of the year)35,200Instructions: Prepare a classified balance sheet at July 31, 2021. What are total budgeted assets?

Budgeted assets are those assets which are estimated or forecasted to held for future period of…

Answered: only need total budgeted assets

Business

Accounting

only need total budgeted assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

only need total budgeted assets

These budgeted financial statement items are for Snyder Corporation at year-end, July 31, 2022.
Salaries and wages payable
$ 2,580
Salaries and wages expense
50,700
Utilities expense
22,600
21,000
Equipment
Accounts payable
4,100
62,100
8,500
Service revenue
Rent revenue
Notes payable (due 2024)
1,800
Common stock
16,000
Cash
20,200
Accounts receivable
12,780
Accumulated depreciation-equipment
6,000
Dividends
5,000
Depreciation expense
4,000
Retained earnings (beginning of the year)
35,200
Instructions: Prepare a classified balance sheet at July 31, 2021. What are total budgeted assets?

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