Prepare a balance sheet and an income statement for the company using Excel. You can copy the items from the Balance Sheet and Income Statement entries shown in this document to your Excel spreadsheet. Include explanations of your analyses and calculations as footnotes or on a separate worksheet in the workbook.Prepare a Balance Sheet:

Review the information in the following accounting worksheet attached to this assignment. Use the attached document: Widget Corporation Accounting Information.

Prepare a balance sheet and an income statement for the company using Excel. You can copy the items from the Balance Sheet and Income Statement entries shown in this document to your Excel spreadsheet. Include explanations of your analyses and calculations as footnotes or on a separate worksheet in the workbook.Prepare a Balance Sheet:
From the following account information, prepare the Specialty Widget Corporation’s Balance
Sheet as of December 31, 2015.
Accounts Payable $52,763.79
Accounts Receivable 83,895.76
Accruals 1,696.57
Cash 42,568.25
Common Stock 10,000.00
Fixed Assets 141.960.00
Inventory 65,361.59
Long-Term Debt 100,000.00
Notes Payable 65,985.00
Retained Earnings 103,340.24
Use the format in the following balance sheet to prepare your answer.
Specialty Widget Corporation
Balance Sheet
(As of December 31, 2015)
Assets Liabilities and Equity
Cash Accounts Payable
Marketable Securities Notes Payable
Accounts Receivable Accruals
Inventory
Prepaid Expenses ________________________________________
Total Current Assets Total Current Liabilities
Fixed Assets Long-Term Debt
Intangible Assets
Common Stock
Retained Earnings
________________________________________ ________________________________________
Total Assets = Total Liabilities and Equity

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