Wk 5 – Balance Sheet and Cash Flow Statement [due Mon]
Resource: Balance Sheet and Cash Flow Statement Grading GuidePurpose of Assignment The purpose of this assignment is for students to initiate and complete a comprehensive financial plan. The ultimate result will be a set of pro forma financial statements including an Income Statement, Balance Sheet, and Cash Flow Statement. The student will develop requisite assumptions about the dollar values to be budgeted. Assignment Steps Again, we have an issue with Week 5 Assignment. I am so sorry about this. I will be referring these issues to the University. Let’s change the instructions to as follows:FILLER TEXTAssignment Steps Create a balance sheet by doing the following:FILLER TEXT
Conduct an internet search or use a balance sheet from an assignment, or use an example of a balance sheet located in the textbook and locate a balance sheet.
Review and discuss in 350 words the assets, liabilities and stockholder’s equity items found on the balance sheet.
Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders’ equity
Format assignment consistent with APA guidelines.FILLER TEXTClick the Assignment Files tab to submit your assignment.FILLER TEXTCash 32,800 FILLER TEXTAccounts Payable 49,000 FILLER TEXTProperty and equipment 98,000FILLER TEXTMarketable Securities 3,000 FILLER TEXTCommon Stock 10,000FILLER TEXTPrepaid Rent 1,000 FILLER TEXTInventories 39,800 FILLER TEXTAccounts Receivable 300 FILLER TEXTLong Term Debt 99,500FILLER TEXTRetained Earnings 11,950FILLER TEXTCurrent Portion of Long Term Debt 4,450FILLER TEXTGoodwill 2,000
- Accumulated Depreciation 2,000
Format essay part of assignment consistent with APA guidelines.FILLER TEXTSubmit your assignment.Resources
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