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QUESTION

Angela Zithern is the owner and founder of Ye Olde Sweets , an online retail business. Angela buys candy that seems to have disappeared from shelves...

Need excel help. Angela Zithern is the owner and founder of Ye Olde Sweets, an online retail business. Angela buys candy that seems to have disappeared from shelves in stores but not from memories. She purchases the candy wholesale, sells it on her website, and then ships the sweets to customers.

Business is booming, and Angela needs to expand the business. She went to the bank to get a loan, and the loan officer told her that they first needed to see some financial statements. Angela is great at running the business, but she had no clue what the loan officer meant. She figured it was time to hire an accountant, and you were lucky enough to get the job.

Angela says to you, "Business is doing great, but it would be much better if we can get this loan so we can expand. Can you help me with making these financial statements the bank wants?"

"Sure," you reply, "You must have some sort of accounting system where you keep track of purchases, sales, and such. Do you have a printout showing your revenues and expenses?"

"Yes, I just printed it this morning," Angela says. "This one says it is a trial balance. Will this work?" "Perfect! I'll get right to work on those financials," you announce.

Financial Statements (40 points)
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