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ACC - Raymer Industries

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Question;Raymer Industries has the following projected account balances for June 30, 2013:Accounts payable $78,000 Sales $1,143,000 Accounts receivable $115,000 Capital stock $750,000 Depreciation, factory $36,000 Retained earnings (5/31) $538,000 Inventories (5/31 & 6/30) $213,000 Cash $93,000 Direct materials used $231,000 Equipment, net $313,000 Office salaries $192,000 Buildings, net $948,000 Insurance, factory $37,000 Utilities, factory $119,000 Wages, factory $208,000 Selling expenses $113,000 Bonds payable $200,000 Maintenance, factory $91,000 Question 1: Prepare the budgeted income statement for June 2013.Question 2: Prepare the budgeted balance sheet as of June 30, 2013.

 

Paper#39692 | Written in 18-Jul-2015

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