Check my work 6 Near the end of 2017, the management of Dimsdale Sports Co., a m
ID: 2430745 • Letter: C
Question
Check my work 6 Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2017 3.35 points DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets Cash Accounts receivable Inventory Total current assets Equipment Less: accumulated depreciation $ 35,000 520,000 142,500 eBook Print References 697,500 576,000 72,000 Equipment, net Total assets 504,000 $1,201,500 Liabilities and Equity $360,000 14,000 91,000 Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total liabilities Common stoc)k Retained earnings Total stockholders' equity Total liabilities and equity 465,000 474,000 262,500 736,500 $1,201,500 To prepare a master budget for January, February, and March of 2018, management gathers the following information.Explanation / Answer
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Sales Budget - Dimsdale Sports Co Particulars January February March Total Sales units 7250 8500 11000 26750 Selling price per unit $59.00 $59.00 $59.00 $59.00 Projected Sales Revenue $427,750.00 $501,500.00 $649,000.00 $1,578,250.00