Assume this is the first year of your business and use the week 4 profit and loss statement from year 1 for the purpose of creating your balance sheet and cash flow statement.
Create a properly formatted balance sheet addressing the instructor’s suggestions for the assignment by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the balance sheet.
Create a properly formatted cash flow statement addressing the instructor’s findings from previous class assignment by doing the following: Review the revenue and expense items based on comments made by the instructor, if any, from week four to best estimate realistic values for the cash flow statement.
Conduct an internet search for or use an example located in the textbook as a template to create a properly formatted balance sheet and cash flow statement. I will also provide an example which is available and posted in week four Course Questions which shows all three financial statements with sample data and how they are connected and prepared.
Explain the order in which the financial statements are prepared and how they are connected.
The balance sheet and cash flow statement can be in Microsoft Excel or Microsoft Word, but please provide the solution to part 4 in Microsoft Word.
