How to Prepare Financial Statements - Accounting Basics with Examples

How to prepare financial statements with examples for the:
- Income Statement
- Retained Earnings Statement
- Balance Sheet

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This content is for education and entertainment purposes only. Finally Learn LLC does not provide accounting, tax, financial planning, or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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05/28/2020

[youssefhelal]

hello MR jeff, i recently have found your channel and i appreciate your work it is so simple so i can get the meaning easily .
Thanks for making it for everyone and keep going, MR jeff

[ericilanga]

Jeff, thank you for breaking this down for everyone and making it super simple to learn and follow.

[thabisokwaadini]

Really greatful for this jeff i was totally stuck on my assignment

[embaba]

Thank you so much for your effort you Make it so easy, please can you send the Excel sheet that on the video

[Trillionair]

Cash could be $11k since dates are missing. We know the business started in 2020, could be 365 days and (the whole balance will be paid in 30 days). So the cash at the end of summer assuming it's at least 2 months is enough to pay the whole balance. There is no keyword or information about when the person mowed or got paid, only that they did it in 2020 maybe during/ before/almost after... summer which could be enough time to pay full balance.