Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create an example balance sheet. This balance sheet must be your ORIGINAL work. The balance sheet you create will be for the fictional company for
Create an example balance sheet. This balance sheet must be your ORIGINAL work. The balance sheet you create will be for the fictional company for which this training manual is being created. Please provide the name for this fictional company and put it at the top of the balance sheet. Balance sheet should create from previous project Income statement. which is as follows:
Income Statement (For the Year Ending December 31, 2022)
Revenue | Amount ($) |
Sales | 1,200,000 |
Other Income | 30,000 |
Total revenue | 1,230,000 |
Expenses | |
Cost of Goods Sold | 600,000 |
Operating Expenses | 350,000 |
Marketing | 80,000 |
Depreciation | 40,000 |
Total Expenses | 1,070,000 |
Net Income | 160,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started