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Financial and Managerial Accounting
Financial and Managerial Accounting
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Instructions
1. Prepare an income statement for the current year ended April 30, 2014.
2. Prepare a retained earnings statement for the current year ended April 30, 2014.
3. Prepare a balance sheet as of April 30, 2014.
4. What item appears on both the income statement and retained earnings statement?
Instructions
1. Prepare an income statement for the month ended August 31, 2014.
2. Prepare a retained earnings statement for the month ended August 31, 2014.
3. Prepare a balance sheet as of August 31, 2014.
4. (Optional). Prepare a statement of cash flows for the month ending August 31, 2014.