Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

i am creating a pro forma balance statement for a business plan project and i am not sure how to continue. Year 1 Year 2

image text in transcribed
i am creating a pro forma balance statement for a business plan project and i am not sure how to continue.
Year 1 Year 2 Year 3 20,000 1,800 25,000 50,300 2 3 4 Assets 5 Current Assets 6 Bank Account: 7 Accounts Receivables: B Fixed Assets 9 Gym Equipment: 10 Total Assets 11 12 Liabilities 13 Accounts Payable: 14 Current Loans Due: 15 Long-Term 16 Equipment Loan: 17 Total Liabilities 18 19 Equity 20 Retained Earnings: 21 Net Income: 22 Total Equity 23 Total Liabilities & Equity 2,200 5,800 18,000 26,000 16,000 8,300 24,300 50,300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions