Please refer to the Vivaldi Company (1) review exercise above. Required 1 Show the impact of each

Question:

Please refer to the Vivaldi Company (1) review exercise above.
Required
1 Show the impact of each event on the accounting equation (recording the purchases of merchandise first in inventory in the before they are consumed).
2 Prepare the year-end statement of financial position or reflecting the events listed in A through K above.
3 Prepare the income statement for the period reflecting the events listed in A through K above. Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...