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University of Virginia The Garden Spot Case Year Questions Excel Worksheet
Subject
Business Finance
School
University of Virginia
Question Description
Heres the 7 questions you'll need to answer
Required 1. Prepare journal entries for items 1 through 16 as required.
2. Post this information to T-accounts.
3. Record the necessary adjusting entries in items 17 through 22 and post to T-accounts.
4. Prepare an income statement that summarizes results of operations for the year.
5. Prepare a balance sheet as of December 31.
6. Prepare a statement of cash flow for the year.
7. Based on your review of the financial statements, what is your assessment of The Garden Spot’s performance during its second year of operations?
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