Memo

Your Memo to Marci should be in the following format:

MEMO

To:

From:

Date:

RE:

The Memo should be single spaced and approximately 2-3 pages. Double space in between paragraphs. Use Headings. Sentences should be short clear and concise. As the instructions suggest, explain the purpose of the Balance Sheet and describe why it is incorrect and what should be done to fix it. Thoroughly explain each correction that should be made, defining your terms and explain why the correction should be made. In your conclusion, present the Balance Sheet in the proper format.

CT1-8 COMMUNICATION A S Marci Ling is the bookkeeper for Samco Company, Inc. Marci has been trying to get the company's balance sheet to balance. She finally got it to balance, but she still isn't sure that it is correct. SAMCO COMPANY, INC. Balance Sheet For the Month Ended December 31, 2017 Liabilities and Stockholders Equity Assets $12,000 Equipment $18,000 Common stock (6,000) Cash 9,000 Accounts receivable 1,000 Dividends Supplies (2,000) 10,000 Accounts payable 4.000) Notes payable Total assets S24.000 Retained earnings Total liabilities and stockholders' equity $24,000 Instructions Explain to Marci Ling in a memo (a) the purpose of a balance sheet, and (b) why this balance sheet is incorrect and what she should do to correct it