Project #51338 - Financial Statement Project

You are required to prepare the following financial statements using Excel.  
USE EXCEL EFFICIENTLY AND EFFECTIVELY TO COMPLETE THIS PROJECT (cell references, formulas, etc.).
                 
(1) Using the data for Spring, Inc. provided in the sheet labeled "Trial Balance" prepare:
  Balance Sheet - comparative, classified in proper format for fiscal years 2009 and 2010.
  Income Statement - multiple-step for fiscal years 2009 and 2010.  Include earnings per share data.
  Statement of Retained Earnings for 2010.      
  Use separate sheets, appropriately named, for each financial statement.
                 
  List 5 notes that would be required if you were also preparing the notes to these financial statements.
  Do not prepare the notes, just briefly list the accounts, etc. for which GAAP would require disclosure
  based on Spring's financial statements.      
                 
                 
(2)  Using the data for Midnight, Inc. provided in the sheet labeled "Cash Flows" prepare:
  Statement of Cash Flows for fiscal year 2009 in proper format.  
  Use a separate sheet, appropriately named, for the Statement of Cash Flows.
                 

 

Subject Business
Due By (Pacific Time) 12/10/2014 09:00 pm
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