1. For the month of July, calculate the following:
a. Budgeted sales
b. Budgeted merchandise purchases
c. Budgeted cost of goods sold
d. Budgeted net operating income
2. Prepare a budgeted balance sheet as of July 31.

1 For the month of July calculate the following a Budgeted sales b Budgeted merchandise purchases c Budgeted cost of goods sold d Budgeted net operating income class=