02 Jul i need help with my Penn Foster final for Basswood furniture project
Question Description
I need someone to help me prepare balance sheet and income statement. everything you need is attached. Do not bid if you can’t do.
The books of accounting for Basswood Furniture must be completed manually, and the financial statements submitted in the proper format for grading. You’ll upload the following financial statements according to the instructions found in this study unit:
Balance sheet
Income statement
This project is a simulation of an actual accounting period. While no two businesses are exactly alike, this project is a representation of the types of transactions and procedures you’ll encounter in business bookkeeping. The only difference is that you’ll encounter more of them in the normal course of business. For example, in the project you may make a deposit with only two or three checks. In an actual business, your deposit can easily have 15 or 20 checks. Whether you have 2–3 or 15–20, it’s all the same. Volume doesn’t make for dif- ferent accounting procedures in most cases
What you’ve learned throughout the program will be used in completing this project. Any concepts that haven’t been cov- ered during the program will be addressed during the course of the project. Therefore, if you’re unsure about what to do, go back through the program materials and workbooks. Review the concept and apply your understanding to the situation as presented in the instructions.
Everything you need to complete the project is contained within the project materials in an orderly fashion. The best way to understand what to do for this project is to read through the instructions at least once or twice before attempting to begin the project. This will allow you to become familiar with what needs to be done and how all the parts of the project (forms, journals, ledgers, financial statements, etc.) fit together.
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