Question: Please help guys. Include calculations if any! EA2-E1 Create Financial Statements for Frozen Fractals Corp. In this exercise, you will create an income statement, statement
EA2-E1 Create Financial Statements for Frozen Fractals Corp. In this exercise, you will create an income statement, statement of owner's equity, and balance sheet in Excel for Frozen Fractals Corp. With the exception of the Jacqueline Elise, Capital account (the balance for which is from 12/1/2016), the company had the following account balances as of 12/31/2016. Accounts Payable Accounts Receivable Auto Expense Cash Furniture Jacqueline Elise, Capital 12/1/2016 $73,200 Telephone Expense $6,100 Jacqueline Elise, Drawing $6,000 S4,100 office Expense $9,400 Rent Revenue S61,000 Sales Revenue S8,000 Supplies Expense $2,500 Land $27,000 $4,000 $8,500 $41,000 $3,000 Utilities Expense $3,600 When creating the financial statements, be certain to use the techniques from this chapter to present each in good form
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