*This information will have to go into an excel document*

Aunt Mildreds Financial Statements:

In order to prepare for the presentation of financial statements for the bank, I knitted a bunch of items and sold them at the local flea market the last few weekends. It was so great to see everyone out there shopping around. I didnt think so many people were interested in knitted key chains! I kept track of all the cash I spent and all the cash I collected and I was hoping you could create the financial statements for me. I apologize the information isnt organized very wellIm just not sure what youre looking for.

Using the information below, complete the Income Statement, Statement of Retained Earnings, and Balance Sheet for your Aunt Mildred. Be sure to include proper headers, dates, and account titles. Lastly, in the column next to each of Aunt Mildreds accounts below, list out what type of business activity (operating, investing, financing, or N/A) the account would fall into on the Statement of Cash Flows, if any.

*This information will have to go into an excel document*

Business Activity Account Accounts Payable Accounts Receivable Cash Display Board Expense Furniture Inventory Owner's Capital Revenue Space Rental Expense Supplies Expense Truck Rental Expense Unearned Revenue Amount $ 112 50 1,650 30 125 62 1,000 1,570 45 695 60 35 Other Important Information: I started my business on June 2nd by investing my own cash. I paid cash for this great piece of furniture (reclining chair) to use while I knit! All of my expenses were paid in cash and all the money I received from my customers was in cash. Reminder: There is no common stock or dividends for Aunt Mildred's knitting business... yet! Thanks so much for helping me with all of this! I promise to write a nice letter to your accounting instructor about how much help you've been to me. Maybe you can be my accountant when you graduate. Good luck with the rest of your class. I've knitted you a pencil case for helping me out