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business memo 2
Date Posted: 05/03/2021
Category: Business
Due Date: 07/03/2021
Instruction
Please edit the memo according to the following: Paragraph 2 needs more detail. We do NOT cover the statement of cash flows. I asked to cover three statements. Your sequence is off. We must prepare the statement in a specific order. You did not give any details on what is listed on the statement of Owner's Equity. We do NOT prepare the statement of Retained Earnings in a sole proprietorship. What amounts flow from one statement to the next? Lets of questions with this - please revise.
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    TalentedTeacher | Mar 05, 2021, 03:24 AM
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  • Am working on it now
    responsibleturtor | Mar 05, 2021, 03:28 AM
  • Thank you so much.
    User_28229 | Mar 05, 2021, 03:29 AM
  • this is the original instruction from the prof:
    User_28229 | Mar 05, 2021, 03:29 AM
  • In this forum, you will prepare a 1/2 to 1-page business memo (no attachments) addressed to your friend, who owns a business of your choice. In the memo, you will emphasize the need for three financial statements, describe in plain language what information is contained in each of the three statements, and explain how each statement is connected to the next one (what amounts flow from an income statement to a statement of owner's equity to a balance sheet). Assume your friend knows nothing about accounting. Please follow any standard business memo format. A good business report should follow this structure: introduction (tell the audience what you will talk about) -- main body (talk about it) -- summary/conclusions (repeat what you talked about). Thus, your memo will have at least three paragraphs (the main body may consist of more than one paragraph though)
    User_28229 | Mar 05, 2021, 03:29 AM
  • Then he told me to do what I post it on the instruction box. Hope I give you enough info.
    User_28229 | Mar 05, 2021, 03:30 AM
  • income statement, statement of owner's equity, and balance sheet
    User_28229 | Mar 05, 2021, 03:31 AM
  • Okay, am working on it now
    responsibleturtor | Mar 05, 2021, 03:32 AM
  • Just let you know its due today. Just like we talked in the other assignment.
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