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Wild Wood Company's management asks you to prepare its master budget using the following information. The budget is to cover the months of April, May, & June 2014
Molly Dolls Balance Sheet March 31, 2014
Assets
Liabilities
Cash
$50,000
Accounts payable
$156,000
Accounts receivable
175,000
Short-term note payable
12,000
Inventory
126,000
Total current liabilities
168,000
Total current assets
351,000
Long-term notes payable
200,000
Equipment
480,000
Total liabilities
368,000
Accumulated depreciation
(90,000)
Common stock
235,000
Total assets
$741,000
Retained earnings
138,000
Total liabilities & equity
Additional Information
Required
Prepare the following budgets and other financial information as required:
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