Written Assignment Unit 1

Submission phase

Workshop timeline with 5 phasesSkip to current tasks

Setup phase

Submission phase

Current phase

• Task to doSubmit your work

• Task infoOpen for submissions from Thursday, 7 April 2022, 12:05 AM (6 days ago)

• Task infoSubmissions deadline: Wednesday, 13 April 2022, 11:55 PM (tomorrow)

Assessment phase

• Task infoOpen for assessment from Thursday, 14 April 2022, 12:05 AM (1 days left)

• Task infoAssessment deadline: Wednesday, 20 April 2022, 11:55 PM (8 days left)

Grading evaluation phase

Closed

Instructions for submission

Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Your paper should be double spaced in Times New Roman (or its equivalent) font, which is no greater than 12 points in size. Cite at least three sources in APA format.

In this paper, in addition to presenting the computed answers, please also discuss how you arrived at each answer the accounting problem asks. The accounting problem presents a companys balance sheet, income statement, and statement of cash flows for a theoretical company, Pollys Pet Products. Each of these statements has blank lines. Determine the values that would be appropriate for each blank line. Provide a narrative of how you arrived at each value. Include in this narrative an explanation of:

1. the financial statement being completed;
2. the account being valued;
3. its relationship to the other financial data.

For example, if the accounts payable (AP) line was missing, describe what a balance sheet is and explain that you can derive the AP value based on knowing all the other values of the current liabilities section. Then explain what an account liability is, as well as why it would belong in the current liabilities section of the balance sheet. Finally, analyze, evaluate, and develop a conclusion about the companys performance based on the completed statements.

Please refer to the income statement, balance sheet, and statement of cash flows of Pollys Pet Products.