Hillyard Company, an office supplies specialty store, gathered the following information to prepare its master...

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Accounting

Hillyard Company, an office supplies specialty store, gathered the following information to prepare its master budget for the first
quarter of the year:
a. As of December 31(the end of the prior quarter), the company's general ledger showed the following account balances:
b. Actual sales for December and budgeted sales for the next four months are as follows:
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