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Show jackson companys budgeted income statement for march

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Reference no: EM131763510

Question - The information below was extracted from Jackson Company's various schedules, master budget and relevant accounts for March, 20XX:

Cash $14,000

Accounts Receivable $11,000

Inventory Beginning $30,000

Inventory Ending $31,000

Equipment, net $75,000

Building, net $150,000

Accounts Payable $18,000

Bonds Payable $90,000

Capital Stock $150,000

Retained Earnings ?

Sales $200,000

Raw Materials Used $56,000

Depreciation-factory equip $11,000

Office Salaries $34,000

Factory Labor $25,000

Factory Insurance $2,000

Factory Utilities $3,600

Sales Salaries $20,000

Factory maintenance $10,000

GS&A $18,000

(All materials purchased were used)

Please show Jackson Company's budgeted income statement for March 20XX. And please present Jackson Company's budgeted balance sheet for the month ending March 31, 20XX.

Reference no: EM131763510

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