Question: Prepare financial statements and reports following the guidelines provided in the scenario file. Scenario: You are an accountant at Rock Castle Construction. Your boss has
Prepare financial statements and reports following the guidelines provided in the scenario file. Scenario: You are an accountant at Rock Castle Construction. Your boss has asked that you create general purpose financial statements from a trial balance that he has created for you. Additionally, the company is for sale and you need to draft a letter to potential buyers explaining the overall financial health and profitability of the business. You should use several appropriate financial measure formulas as evidence (hint: we covered a few of the many possible formulas in discussion posts). Your boss has strongly reminded you that the company needs to sell or you may be out of a job. You have been strongly encouraged to write a very positive letter to potential buyers. Generally, buyers are most interested in knowing about profits. Required: 1.) Create the four general purpose financial statements for the year ended Dec 31, 2019 i.e. Income statement, Balance Sheet, Statement of Owners Equity/Retained Earnings, Statement of Cash Flows. 2.) Write a letter to potential buyers. Rock Castle Construction Trial Balances Download Rock Castle Construction Trial Balances 

2018 : 

Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
