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95 points BUSINESS SCENARIO Assume an accounting period of I week. You start an ice cream business and this is what you do is your

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95 points BUSINESS SCENARIO Assume an accounting period of I week. You start an ice cream business and this is what you do is your first week (all of the below curs during week 1): You invest in your ice cream selling business You get a loan from the bank . You go to the grocery store to buy half-and-half, heavy cream, villa n d will extract You by cough to make scoop Your tal cost is $40. You pay 5.30 in cash and S10 is charged to your account the procet. Your brother makes a batch of ice cream for 40 Scoops and charges Sl for protion labor (cash). You sell the 40 oops at Sl each You receive cash for 25 scoops and the other 15 cops are purchased on account You repay $15 of the bank loan The beaker charges you sin interest (cash) . The neighbors where you have your ice cream and ask you to buy an insurance policy. The insurance spent offers you a three-week policy which costs $3 payable in advance. You have to pay for the entire policy in cashow You purchase an ice cream and for 512. You we buy a tiny patch of land from the y for $1. You for andre land w ash You decide the ice cream stand Si/weck including during your first week of business A customer pays 36 for four scoops the bought on account Please download "Financial Statements Editable par" below and Sil out the ending balance sheet income statement, and cash flow statement for this week. When you are done, we the e

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