Use straight line depreciation assuming a Location using the following information:Ĭost of leasing commercial space: $1,500 per month.Ĭost of new equipment: $15,000, purchased with a ![]() Prepare pro forma financials for 2018 for the new The company is planning to open another location inĢ018. Pro Forma Income Statement Pro Forma Balance Sheet New location scenario at the bottom of the page. Pro forma statements in thisĬase are budgeted statements for 2018 based on the The following pro forma financial statements for the Using the preliminary statements as a base, prepare Location, what will the budgeted income statement PeytonĪpproved's pro forma information is provided below. Use information from Milestone One and the plan to The tabs to complete are linked below and colored green Use the data from Milestone One and this milestone toĬomplete your final project, due in Module Seven. Note: Make sure to completely review the Milestone Two Peyton Approved Ratio Analysis 2017 2016 Current Ratio (Working Capital) 5 5. Ending Balance 120,621.Īssets Liabilities and Owners' Equity Peyton Approved Assets Liabilities and Owners' Equity Milestone One Workbook Instructions Note: Refer to the Final Project Scenario document for Peyton's ratio formulas. Revised Peyton Approved Milestone One Workbook Instructions Revised Peyton Approved Statement of Retained Earnings for Year Ended 12/31/ Beginning Balance: 50,144. ![]() Total Assets: $ 169,577 Total Liabilities & Equity $ 169,577. ![]() Net Fixed assets 12,393 Total Liabilities: 28,856. Long Term/Fixed Assets: Notes Payable 5,000.īaking Equipment 14,000 Total Long Term Liabilities: 5,000. Total Current Assets $ 157,184 Total Current Liabilities $ 23,856. Preliminary Peyton Approved Balance SheetĪssets Liabilities and Owners' Equity Current Assets: Current Liabilities:Īccounts Receivable 68,519 Wages Payable 3,383.īaking Supplies 15,506 Interest Payable 211. Gain/Loss on disposal of equipment 100 4 100. Unadjusted trial balance Adjusting entries Adjusted trial balance Other Receivable - Insurance 700 4 700.
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