Can you please create me an income statement and balance sheetas the example below. Thank you
Think about a business, movie, story, etc. that interests youand put together an Income Statement and Balance sheet for thatentity. As an example I used The Three Bears from Goldilocks and ..Since we do not know what business the Bears were in, I'm goingwith Salmon Farming. If you remember the story, Goldilocks breaksinto the bears' home, eats porridge, breaks the chair and sleeps inthe beds.
The Three Bears, Inc.
Income Statement
Year Ended June 30, 2018 |
Revenues: |
Salmon Sales | | $ xx, xxx |
Expenses: |
Porridge expense | xxx | |
Depreciation Expense--Chairs | xxx | |
Depreciation Expense--Beds | xxx | |
| Rating expense (too big, too small,just right) | xxx | |
Net Income | | $x,xxx |
The Three Bears, Inc.
Balance Sheet
June 30, 2018 |
Assets |
Porridge Supplies | xx, xxx | |
Equipment--Chairs Equipment--Beds Less: Accumulated Depreciation | xx,xxx xx,xxx (x,xxx) | |
Total Assets | | $xx, xxx |
Liabilities |
Liability for broken furniture, lost porridge | xx, xxx | |
Mortgage payable on Cottage | xx, xxx | |
Equity |
Bear Family Equity | xx, xxx | |
Total Liabilities & Equity | | $xx, xxx |
Posts should include at least one revenue, and 2 each ofexpenses, assets, and liabilities. Don’t worry about dates andamounts unless they are relevant to your entity.
