Module 03 Written Assignment – The Balance SheetReview the account balances of Ma and Pa Grocery as of December 31, 20##, in the Excel Template.Requirements: Prepare the Statement of Retained Earnings for the period ending December 31, 20##. Prepare the Balance Sheet as of December 31, 20##. Calculate the current ratio for the year.Submit your […]

Module 02 Written Assignment – The Income StatementReview the account balances of Ma and Pa Grocery as of December 31, 20##, in the Excel Template.Requirements: Prepare the Income Statement for the period ending December 31, 20##. Calculate the gross profit % for the year.Submit your completed assignment by following the directions linked below. Please check […]

Module 02 Course Project – Tootsie Roll Industries Inc. Income StatementLocate Tootsie Roll Industries Inc.’s most current SEC Form 10-K Annual Filing in the Tootsie Roll Industries Annual Report. Focus on the income statement, which Tootsie Roll Industries Inc.’s titles Consolidated Statement of Earnings and Retained Earnings, and the notes following the financial statements.Complete the […]

Module 01 Written Assignment – The Accounting EquationThe conceptual framework reminds you that revenues are recognized when earned and not necessarily when collected. Also, expenses are recorded when incurred (used), not necessarily when paid. This is known as accrual accounting.Bill Smith opened Smith Construction on April 1, 2010. Review the transactions and financial position of […]