Three colleagues, Owner A, Owner B and Owner C have decided to start a company!
The guided projects in this course will highlight the important financial aspects for the owners of a company. You will complete one project per week; by the end of the semester, you will have documented your initial funding, prepared payroll, reported on financing options, reconciled your banking statement to the ledgers kept and prepared a final vertical analysis document.
For our Week 1 Guided Project, we are going to document the initial funding for a company on the company’s balance sheet on Day 1. You will use a spreadsheet template that shows the financial statements for ABC Company.
The Week 1 Guided Project Template contains the following two tabs:
Instructions Tab: includes important vocabulary and instructions for the project; you will need to input answers in boxes Q1 – Q3.
Balance Sheet Tab: provides you with a template for the Balance Sheet for ABC Company. You will use this template to complete Q4.
This week, Owners A, B and C have researched how to fund a company and have agreed to provide the following:
Owner A has decided to fund a $25,000 equity investment and to loan ABC Company $10,000.
Owner B has decided to fund a $25,000 equity investment and to loan ABC Company $25,000.
Owner C has decided to fund a $50,000 equity investment and to loan ABC Company $15,000.
The post Three colleagues, Owner A, Owner B and Owner C have decided to start a company! appeared first on Essay Pit.
