Financial Accounting Use spreadsheet ( horizontal financial statement model ) to show inputs, balance sheet at 1
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Financial Accounting Use spreadsheet horizontal financial statement model to show inputs, balance sheet at Year income statement year and cash flow statement for year Received $ for the issuance of Common Stock on Jan Acquired inventory for $ on account. Sold inventory for $ cash. The inventory cost show transactions on one line. Income Statement Account will show RevenueCOGS on spreadsheet Provided one year warranty on the inventory sold. Based on industry estimates, the warranty should be if sales. On November borrowed $ for a local bank to buy future inventory. Paid $ in warranty repairs. Paid $ of Operating expenses. Paid $ of the Accounts payable. The note carries interest at and matures April Year months
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
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