4-5 pages Accounting Assignment with Excel doc in 24 hours
Part 2 - Budget Preparation
| Instructions: Your Instructor will provide the numerical data and other information pertaining to the year-end income statement and ideas the company has for the upcoming year. Use that information to complete a budget for the upcoming year by filling in the highlighted cells in the first table. Then, using the Line Item Notes table, illustrate to the organization how each line item in the budget was prepared by filling in the highlighted cells. | ||||||
| AMcarParts, Inc. | Line Item Notes | |||||
| Budgeted Income Statement (Template) | ||||||
| For the Upcoming Year | ||||||
| Revenues | ||||||
| Operating Expenses | ||||||
| Salaries and Wages | ||||||
| Payroll taxes, etc. | ||||||
| Supplies | ||||||
| Delivery Fleet | ||||||
| Communications | ||||||
| Insurance | ||||||
| Office supplies | ||||||
| Miscellaneous | ||||||
| - 0 | ||||||
| Operating Income | - 0 | |||||
| Other Income/Expense | ||||||
| Interest expense | ||||||
| Income Before Income Taxes | - 0 | |||||
| Provision for Income Taxes | - 0 | |||||
| Net Income | $ - 0 | |||||