Week 7 Assignment Notes More of the Basics and Beyond

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School

Strayer University, Raleigh *

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Course

317

Subject

Accounting

Date

May 22, 2024

Type

docx

Pages

4

Uploaded by ProfPowerIbis26

Scents From Heaven Balance Sheet (Actual for 2024 and Projected for 2025) ASSETS Cash Accounts Receivable Inventories Total Current Assets Net Plant and Equipment Total Assets Accounts Payable Accrued Liabilities Bank Loan Total Current Liabilities Common Equity Additional Funds Needed Total Liabilities & Equity Other Current Assets Fixed Assets Accum Depreciation Net fixed assets
Hello, Tutor, I help with creating the financial sheets and explaining them. Trouble with coming up with the figures, and where they go. The financial sheets are an example of the components on each sheet. I am confused. So the writing involves explaining the figures that I am confused about. Thank you so very much for your help, maybe you can put it a way that I can understand visionally. My Candle Making Work Shop plans are attached as well. LIABILITIES & EQUITY Current Liabilities Debt outstanding Total Liabilities Share Capital Retained earnings Total Equity TOTAL LIABILITIES & EQUITY Overview Using the same business you started in the first assignment, Your Business Venture, you will continue to build a financial plan for the business. Instructions Write a 4-5 page paper in which you: 1. Explain figures on a pro forma balance sheet for the first 12 months of your business. Include the assumptions on which it is based. Justify your balance sheet. 2. Explain figures on a pro forma income statement for the first 12 months of your business. Include the assumptions on which it is based. Justify your income statement.
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