Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the follow (Click the icon to vie * More Info Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation of each account.) unt reductions and contra asset balances and Begin by completing the activity. If a box is not us Cash + RE + + Sales on account, $16,000 Cash receipts from customers from sales on account, $15,800 Purchase of raw materials on account, $4,500 Payments on account, $1,000 Total cost of completed products, $12,100, which includes the following: Raw materials used, $2,500 Direct labor costs incurred and paid, $4,500 Manufacturing overhead costs incurred and paid, $4,500 Depreciation on manufacturing equipment, $600 Cost of goods sold, $11,400 Selling and administrative costs incurred and paid, $3,500 Purchase of equipment, paid in 2019, $1,600 Dec. 31, 2018 Sales on acct. Cash recpts. Purch. RM Pmts on acct. RM used + + + + Direct labor + Mfg. OH + Print Done Depr. + COGS + S and A Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) do not enter a zero. Abbreviations used.) i Data Table Cash + A/R + RM Inv. + FG Inv. + Equip. (A/D = A/P + CS + RE + Assets + + + + + + + Current Assets: + + + Dec. 31, 2018 Sales on acct. Cash recpts. + + + + Cash + + + + + + + Accounts Receivable Purch. RM + + + + 2,000 1,200 100 2,050 + + + Raw Materials Inventory Pmts on acct. + + + + + + + RM used + + + + + + + Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment $ 5,350 Direct labor + + + + + + + Mfg. OH + + + + + + + 12,000 (1,000) Depr. + + + + + + + Less: Accumulated Depreciation 11,000 + + + + + + + $ 16,350 COGS S and A Total Assets + + + + + + + Liabilities + Purch. equip. + + + + + + Current Liabilities: Accounts Payable Dec. 31, 2019 $ 1,600 + + + + + + Stockholders' Equity Common Stock, no par Choose from any list or enter any number in the input fields and then continue to the next question. 5,000 9,750 Retained Earnings Cash 2,000 1,200 Accounts Receivable Raw Materials Inventory 100 2,050 Finished Goods Inventory 5,350 Total Current Assets Property, Plant, and Equipment: Equipment 12,000 (1,000) Less: Accumulated Depreciation 11,000 $ 16,350 Total Assets Liabilities Current Liabilities: Accounts Payable $ 1,600 Stockholders' Equity Common Stock, no par 5,000 9,750 Retained Earnings Total Stockholders' Equity 14,750 Total Liabilities and Stockholders' Equity $ 16,350 Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the follow (Click the icon to vie * More Info Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation of each account.) unt reductions and contra asset balances and Begin by completing the activity. If a box is not us Cash + RE + + Sales on account, $16,000 Cash receipts from customers from sales on account, $15,800 Purchase of raw materials on account, $4,500 Payments on account, $1,000 Total cost of completed products, $12,100, which includes the following: Raw materials used, $2,500 Direct labor costs incurred and paid, $4,500 Manufacturing overhead costs incurred and paid, $4,500 Depreciation on manufacturing equipment, $600 Cost of goods sold, $11,400 Selling and administrative costs incurred and paid, $3,500 Purchase of equipment, paid in 2019, $1,600 Dec. 31, 2018 Sales on acct. Cash recpts. Purch. RM Pmts on acct. RM used + + + + Direct labor + Mfg. OH + Print Done Depr. + COGS + S and A Prepare a budgeted balance sheet for Harari, Inc. for December 31, 2019. (Hint: It may be helpful to trace the effects of each transaction on the accounting equation to determine the ending balance of each account.) Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) do not enter a zero. Abbreviations used.) i Data Table Cash + A/R + RM Inv. + FG Inv. + Equip. (A/D = A/P + CS + RE + Assets + + + + + + + Current Assets: + + + Dec. 31, 2018 Sales on acct. Cash recpts. + + + + Cash + + + + + + + Accounts Receivable Purch. RM + + + + 2,000 1,200 100 2,050 + + + Raw Materials Inventory Pmts on acct. + + + + + + + RM used + + + + + + + Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment $ 5,350 Direct labor + + + + + + + Mfg. OH + + + + + + + 12,000 (1,000) Depr. + + + + + + + Less: Accumulated Depreciation 11,000 + + + + + + + $ 16,350 COGS S and A Total Assets + + + + + + + Liabilities + Purch. equip. + + + + + + Current Liabilities: Accounts Payable Dec. 31, 2019 $ 1,600 + + + + + + Stockholders' Equity Common Stock, no par Choose from any list or enter any number in the input fields and then continue to the next question. 5,000 9,750 Retained Earnings Cash 2,000 1,200 Accounts Receivable Raw Materials Inventory 100 2,050 Finished Goods Inventory 5,350 Total Current Assets Property, Plant, and Equipment: Equipment 12,000 (1,000) Less: Accumulated Depreciation 11,000 $ 16,350 Total Assets Liabilities Current Liabilities: Accounts Payable $ 1,600 Stockholders' Equity Common Stock, no par 5,000 9,750 Retained Earnings Total Stockholders' Equity 14,750 Total Liabilities and Stockholders' Equity $ 16,350 Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) Harari, Inc. Budgeted Balance Sheet December 31, 2019 Assets Current Assets: Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Harari, Inc. has the following balance sheet at December 31, 2018: (Click the icon to view the balance sheet.) Harari projects the following transactions for 2019: (Click the icon to view the transactions.) Total Current Assets Property, Plant, and Equipment Total Assets Liabilities Current Liabilities: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity