What would should the financial statement look like on an excel document?
It is almost midnight on December 31, 20XX, and the bookkeeping program at Crank-M-Up, Inc. is malfunctioning. Instead of producing an income statement, it keeps printing an alphabetical list of accounts: Administrative expenses $215,000 Cost of goods sold 408,500 Extraordinary casualty loss 70,000 Income taxes 54,900 Loss on inventory write-down (nonrecurring) 13,000 Gain on foreign currency translation 19,500 Loss from discontinued operations 30,000 Sales 945,000 Selling expenses 145,000
The financial statement in excel template is attached below
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