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Required - prepare a separate worksheet for each requirement: warning: not watching video tutorial for this SLA often results in poor performance on this &
Required - prepare a separate worksheet for each requirement: warning: not watching video tutorial for this SLA often results in poor performance on this \& future assignments 1. Make a listing of all ritvenue accounts and expense accounts (one column for each), including amounts for each account; then total all revenue and total all expense accounts. As part of your solution to requirement \#1, calculate Net Income (Revenue - Expenses) and resulting ending balance of Retained Earnings (complete a retained earnings rollforward). use an "IF" formula instead of typing "Net Income". The fx functions button explains the logic. As part of your solution to requirement \#2, prove the accounting equation (Assets = Liabilities + Equity); document, show your work Note: retained earnings rollforward should include a link to your requirement \#1 worksheet 3. Be sure to properly format vour worksheets, including what is shown in tutorial. BEFORE submitting your SLA make sure all your worksheets work! For example, *have you calculated the new ending balance of Retained Earnings? *does your Retained Earnings (RE) balance on the worksheet A,L,SE link to the worksheet where you calculated it? *is the Accounting Equation in balance? It definitely will not be if you did not properly link RE. - if any of the above are not "yes", then go back to the tutorials to determine solution OR contact your Peer Leader to discuss what you may have missed
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