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Complete a personal balance sheet and income statement. Then, reflect on your completed Balance Sheet and Income Statement Templates. Discuss the most important concepts and facts you have learned. Your reflection should be a minimum of 350 words.

Date Posted: 03/02/2021
Category: Finance
Due Date: 07/02/2021
Instruction
Prior to beginning work on this journal, Read Chapters 1 and 2 in the course textbook, Using Financial Accounting Information: The Alternative to Debits and Credit. Review the Balance Sheet Resource and Income Statement Resource documents. For this journal, complete a personal balance sheet and income statement. The Balance Sheet Template and Income Statement Template will help you get started. You may modify the line items as necessary in the templates. You may complete the templates using your own personal financial data, which will make the activity more meaningful, or you may use hypothetical numbers. Then, reflect on your completed Balance Sheet and Income Statement Templates. Discuss the most important concepts and facts you have learned. Your reflection should be a minimum of 350 words. Submit both your completed templates and your reflection.
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  • It looks awesome, the only thing is, can you make the numbers match on the income statement and personal balance sheet? Like the mortgage payment and car payment?
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