FIN575 University of Phoenix Balance Sheet & Cash Flow Worksheet
FIN575 University of Phoenix Balance Sheet & Cash Flow Worksheet
Create a balance sheet by doing the following:
Conduct an internet search, use one from an assignment, or use an example located in the textbook and locate a balance sheet.
Review and discuss in 350 words the assets, liabilities and stockholder’s equity items found on the balance sheet.
Create a balance sheet using the account names and balances below. Make assumptions about the dollar values of each account so that the balance sheet balances. Remember that assets will equal liabilities plus stockholders’ equity
Format assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Cash 32,800
Accounts Payable 49,000
Property and equipment 98,00
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor0
Marketable Securities3,000
Common Stock10,000
Prepaid Rent 1,000
Inventories39,800
Accounts Receivable 300
Long Term Debt99,500
Retained Earnings11,950
Current Portion of Long Term Debt4,450
Goodwill2,000
Dr. Ahmed
Accumulated Depreciation 2,000
