Question
For this discussion, please view the videos above, read the prompt below, and answer all questions. View the video about the kente cloth manufacturing company
For this discussion, please view the videos above, read the prompt below, and answer all questions. View the video about the kente cloth manufacturing company from approximately 10:35 to 18:56. Answer the questions below: 1. Based on the video, what would be three hypothetical asset accounts? three hypothetical liability accounts? and three hypothetical owner's equity accounts? (There should be nine accounts named in total.) 2. Using some of the accounts that you came up with for #1, create the following financial Statements: of Retained Earnings, Income statement, and Balance Sheet. For the amounts, you may use any numbers you like -- make up the numbers. . For simplicity, use numbers no bigger than the tenth thousands place and end all numbers with zeros (i.e., 45,000 or 76,000)
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