PLEASE ONLY USE HIGHSCHOOL KNOWLEDGE make a report in which you talk about the profitability and success (or not) of your business. Structure of report: a) Purpose of Report and Overall Results. This would include a brief explanation of the nature of your company. b) Analysis of Financial Statements - how much $ did you make? Profit margin? What might the bank care about? Talk about both the income statement and the balance sheet. c) Conclusion - attached are our FS, thank you for considering us, contact me with questions. (this is just fluff!) ALL INFO IS IN THE LINK https://docs.google.com/spreadsheets/d/1AeYqaOVTPN1nGvK3-LIDk0OK9JRv1bR6VjAPNOnKeuk/edit#gid=1511100221

v I I. v! The purpose of this project is for you to demonstrate some of what you have learned throughout the semester. Essentially. you will open a business. generate 15-20 JEs. and then write a 'l-page report to the bank (- pretend you're trying to get a loan) reporting on your progress. Thoughts: - Create 15-20 transactions - this will likely be one month's worth. - You can choose to be a service business (like a tutor) or a retailer. Being a retailer is harder. so you can get a higher mark with that. - Be sure to have a variety of types of journal entries - considering weekly sales entries. Restatement; 1. Think about what kind of company you are. Name: products: employees: retailer. service provider; etc. This is just a process that occurs in your mind or on rough notes. Generate and document all journal entries - you will either do this in Word {#01} or in the rst tab of the spreadsheet (#02). You must put descriptions so that I know why you're making the journal entry. Some ideas: a. You'll have to make an initial investment. {this could be pure cash or cash plus other assets) (Dr. Cash; Cr. Equity) For more marks. purchase a xed asset that you will depreclate at the end of the month 1' year. Make your descriptions realistic - think about employees. utilitiesI phone bills. drawings etc. Input yourjoumal entries into the spreadsheet. Rename accounts. as needed. Create the trial balance and then income statement and balance sheet. Prepare a report (similar to your others) in which you talk about the protability and success (or not) of your business. Structure of report: b. Purpose of Report and Overall Results. This would include a brief explanation of the nature of your company. Analysis of Financial Statements - how much $ did you make? Prot margin? What might the bank care about? Talk about both the income statement and the balance sheet. Conclusion attached are our FS. thank you for considering us. contact me with questions. {this is just uffl)