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Near the end...

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Accounting

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Near the end of 2017) the management of Dimsdale Sports Co, a merchandising company, prepared the following estimated belance sheet for December 31, 2017 Estimated Balance Sheet Assets $ 36,580 520,8e 150,8ee Cash Accounts receivable Inventory Total current assets Equipment Less: accumulated depreciation s 786, see 576,000 72,900 Equipment, net Total assets 584,000 $1,210,509 Liabilities and Equity $ 36e,ee0 16,000 91,800 Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total 1iabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 467,0 473,500 270,000 s 1,210,5ee To prepare a master budget for January, February, and March of 2018, ma nagement gathers the following information. Prey 10, 1 Next >

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