In: Accounting
Can you please provide the workings and how you found each answer?
Jesper Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Jesper Manufacturing's operations:
Current Assets as of December 31 (prior year): |
|
Cash |
$4,460 |
Accounts receivable, net |
$52,000 |
Inventory |
$15,400 |
Property, plant, and equipment, net |
$122,000 |
Accounts payable |
$44,000 |
Common stock |
$126,860 |
Retained earnings |
$23,000 |
January |
$80,100 |
February |
$89,100 |
March |
$82,800 |
April |
$85,500 |
May |
$77,400 |
Requirements: