Supplement to case UV7159. The owner and supervisor of a little garden shop needs to prepare the financial statements for the shop's second year of operation. These financial statements will assess the financial performance of her company during the year, in addition to take stock of its financial position at the end of the year these will be crucial for loan officers from her bank; her company got two loans from this bank. Furthermore, this is significant for an equity investor in the company as well..
Students will prepare journal entries, post this info to T-accounts, record the necessary adjusting entries and post to T-accounts, and prepare an income statement that summarizes results of operations for the year.
PUBLICATION DATE: July 05, 2016 PRODUCT #: UV7161-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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