Required intormation
CCAlgo Financial Statements for a Business Plan LO LO
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Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa NGS Nicole expects that she and two family members will each contribute $ to the business and receive shares each. Nicole forecasts the following amounts for the first year of operations, ending December : Cash on hand and in the bank, $; amounts due from customers from spa treatments, $; building and equipment, $; amounts owed to beauty supply outlets for spa equipment, $; notes payable to a local bank for $ Cash dividends of $ will be paid to the stockholders during the year. Nicole also forecasts that firstyear sales revenues will be $; wages will be $; the cost of supplies used up will be $; office expenses will be $; and income taxes will
CCAlgo Part
Prepare a forecasted balance sheet for Nicole's Getaway Spa at December
