Answered step by step
Verified Expert Solution
Question
1 Approved Answer
We choose Wood Cabinets 2) A description of the business including: a. Summary of product b. Organizational layout (department descriptions, personnel, etc.); C. Capital investment
We choose "Wood Cabinets"
2) A description of the business including: a. Summary of product b. Organizational layout (department descriptions, personnel, etc.); C. Capital investment requirements (Assets needed to start the business and associated costs); d. Financing of Assets (where did the money come from to purchase your assets) and Sales and marketing plan e. 3) Financial plan and results for 3 months of operations (Start date 10/1/21 and end date 12/31/21) a. A journal (or journals) including journal entries for the first three (3) months of operations. At least 50 business transactions are required (but you may have more). This is where your knowledge, creativity and thoroughness will be evaluated. b. A general ledger (you may use T-Accounts to represent the general ledger as long as it is clear and organized) C. An unadjusted trial balance, adjusted trial balance and post-closing trial balance. d. Any necessary adjusting entries for the end of the three months as well as closing entries for the end of the three months. Journal entries should be journalized and posted Financial statements including: Income Statement for the Quarter Ended 12/31/21 Statement of Stockholders' Equity for the Quarter Ended 12/31/21 Balance Sheet at 12/31/21 Statement of Cash Flow for the Quarter Ended 12/31/21 e. 2) A description of the business including: a. Summary of product b. Organizational layout (department descriptions, personnel, etc.); C. Capital investment requirements (Assets needed to start the business and associated costs); d. Financing of Assets (where did the money come from to purchase your assets) and Sales and marketing plan e. 3) Financial plan and results for 3 months of operations (Start date 10/1/21 and end date 12/31/21) a. A journal (or journals) including journal entries for the first three (3) months of operations. At least 50 business transactions are required (but you may have more). This is where your knowledge, creativity and thoroughness will be evaluated. b. A general ledger (you may use T-Accounts to represent the general ledger as long as it is clear and organized) C. An unadjusted trial balance, adjusted trial balance and post-closing trial balance. d. Any necessary adjusting entries for the end of the three months as well as closing entries for the end of the three months. Journal entries should be journalized and posted Financial statements including: Income Statement for the Quarter Ended 12/31/21 Statement of Stockholders' Equity for the Quarter Ended 12/31/21 Balance Sheet at 12/31/21 Statement of Cash Flow for the Quarter Ended 12/31/21 e
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started