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Choose a unique business of your choice and assume its forecasted transaction which you might perform in July 2020. You have to build of assets for this business through equity or debt. Similarly assume possible sales and expenses for the same business. You are required to assume at least 15 authentic transactions related to this business in which you will cover all transactions related to assets, debt, equity, sales and expenses. After assuming transactions you will
Question a) Prepare an income statement for July.
Question b) Prepare a statement of owner's equity for July.
Question c) Prepare a balance sheet as of July 31.
Question d) Prepare a statement of cash flows for July.
Question e) Discuss the financial position of this business.
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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