Question
Can you please create me an income statement and balance sheet as the example below. Thank you Think about a business, movie, story, etc. that
Can you please create me an income statement and balance sheet as the example below. Thank you
Think about a business, movie, story, etc. that interests you and put together an Income Statement and Balance sheet for that entity. As an example I used The Three Bears from Goldilocks and .. Since we do not know what business the Bears were in, I'm going with Salmon Farming. If you remember the story, Goldilocks breaks into the bears' home, eats porridge, breaks the chair and sleeps in the beds.
The Three Bears, Inc. Income Statement Year Ended June 30, 2018 | ||
Revenues: | ||
Salmon Sales | $ xx, xxx | |
Expenses: | ||
Porridge expense | xxx | |
Depreciation Expense--Chairs | xxx | |
Depreciation Expense--Beds | xxx | |
Rating expense (too big, too small, just right) | xxx | |
Net Income | $x,xxx |
The Three Bears, Inc. Balance Sheet June 30, 2018 | ||
Assets | ||
Porridge Supplies | xx, xxx | |
Equipment--Chairs Equipment--Beds Less: Accumulated Depreciation | xx,xxx xx,xxx (x,xxx) | |
Total Assets | $xx, xxx | |
Liabilities | ||
Liability for broken furniture, lost porridge | xx, xxx | |
Mortgage payable on Cottage | xx, xxx | |
Equity | ||
Bear Family Equity | xx, xxx | |
Total Liabilities & Equity | $xx, xxx |
Posts should include at least one revenue, and 2 each of expenses, assets, and liabilities. Dont worry about dates and amounts unless they are relevant to your entity.
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