ACC$-2101$:$-$Financial$-$Statement$*$Project$$

General$-$Instructions:$-$The$-$goal$-$ofthis$-$assignment$-$is$-$to$-$prepare$-$and$-$interpret$-$year$-$end$-$financial$-$

statements$*$for$-$Outdoor$-$Supply,Incorporated$*($or$-$OSI$)*$OSi$\text{'}$sells$*$products$*$for$*$outdoor$*$activities$,$ such$*$as$*$

camping, hunting, fishing,$-$etc. $*$ All$-$financial$-$statements$-$must$-$be$-$prepared$-$in$-$good$*$form$-$and$-$be$-$professional$-$in$-$

appearance.$-$Assume$-$you'are$-$going$-$to present the'statements to the company$-$CEO$-$and$-$board of directors.

Include$-$proper$-$headings. Use$-$columns$-$logically$-$to$-$show$-$account$-$balances, totals$-$and$-$subtotals. Format$-$

numbers$-$for$-$readability$-($include$-$commas$-$but$-$no$-$decimal$-$places$).$ Format$-$the$-$first$-$number$-$in$-$each$-$column$-$and$-$

significant$-$totals$*$for$-$dollar$-$signs.Place$-$underlines$-$above$-$totals$-$and$-$subtotals. Use$-$indentation$-$or$-$fonts$-$to$*$

identify$-$section$-$headings$*$and$*$totals$.$In$-$summary,make$-$the$-$statements$-$easy$-$to$-$read.'Your$-$grade$-$on$-$this$*$

assignment$-$will$-$be$-$based$-$on$-$the$-$look$-$and$-$accuracy$-$of$-$the$-$financial$-$statements$\mathrm{.}9|$

You'are$-$given$*$a$*12/31/2024-$adjusted$-$trial$-$balance$-$in$*$an$-$Excel$-$file$-$as$*$a$*$starting$-$point. The$-$trial$-$balance$-$lists$*$the$-$

accounts$-$in$-$alphabetical$-$order. Feel$-$free$-$to make$-$a copy$-$of the trial$-$balance$-$and$-$rearrange$-$the$-$order$-$of the$-$

accounts$-$ifit $*$ would$-$be$-$helpful$-$for$-$you.$-$All$-$accounts$-$on'that $*$ rrial$-$balance$-$should$-$appear$-$on

statement.That$-$means$-$show$-$all$-$the$-$detail;$-$do$-$not$-$summarize$-$several$-$accounts$-$into$-$one$-$number.$-$And,$-$of$*-$

course, follow$-$GAAP. $7$

Prepare$-$the$-$following$-2024-$financial$-$statements$-$each$-$on$*$a$*$separate$-$tab$-($sheet$)-$in$-$your$-$Excel$-$file:q