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CC1-1 (static) financial statements for a business plan Nicole Mackisey is thinking of forming her own spa business Nicole getaway spa Nicole expects that she
CC1-1 (static) financial statements for a business plan Nicole Mackisey is thinking of forming her own spa business Nicole getaway spa Nicole expects that she and two family members will each contribute $10,000 to the business and receive 1000 shares each Nicole forecast the following amounts for the first year of operations ending December 31, 2021: cash on hand, and in the bank $2150 amount due from customers from spa treatments $1780 building an equipment $70,000 amount owed to beauty supply outlets for spa equipment $4660.note payable to a local bank for $38,870 cash dividends of $2000 will be paid to the stockholders during the year Nicole also forecast that first year sales revenues will be $40,000 wages will be
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