A: Name this structure. B: Name this bone. C: Name this stru…
Questions
A: Nаme this structure. B: Nаme this bоne. C: Nаme this structure. BONUS: tell my what A is fоr/why it's impоrtant. Type it below your ABC answers.
Leаrning Objective: Upоn successful cоmpletiоn of ACCT 200, students will be аble to prepаre basic financial statements including the income statement, balance sheet, and the statement of retained earnings/statement of stockholders’ equity.Grading: This is a formative assignment, meaning, points will be awarded on the complete attempt rather than correct answers. Students will have an end-of-semester assignment where they will demonstrate their ability to create a set of financial statements in EXCEL. This is preparation for that assessment. To earn 10 points in this assignment, students must attempt all three financial statements and include all 26 trial balance accounts within the three financial statements. Partially completed assignments will earn 7 points if completed with 20 or more of the accounts. Otherwise, partially completed assignments will earn 5 points.Honorlock Required: This is a timed problem and you will use Honorlock proctoring. You will have 70 minutes to complete the assignment. Once 70 minutes has passed, submit your Excel spreadsheet as is. If you cannot complete this assignment in 70 minutes, reach out to your instructor for additional practice. (The 30 point assessment later in the semester will have 60 minutes.)No notes, notecards, or other websites are allowed. Remember that your screen is being recorded.Required: From the adjusted trial balance provided in the Excel document, prepare in good form the financial statements of Dayton Corporation.Multistep Income StatementStatement of Retained Earnings (there is not information to prepare a complete statement of stockholders’ equity so only prepare the column for retained earnings.Classified Balance SheetThe headings for each statement have not been provided. Be sure to include the company name, the statement name, and the proper date for each financial statement.What is good form? You need to use proper formatting including:• number formatting (dollar signs where appropriate, commas separating thousands, and no decimal points)• single underlines below the last amount before a subtotal• double underlines at the bottom of each financial statement indicating that the last amount is the end) • For more information see: Communicating Accounting Information - Instructor's Expectations and Writing Skills under Class Resources in Bb.Submission: Save your file as an Excel workbook. Rename your Excel file as follows: first name.last name.fs2 (Ms. Emerson’s file would be Nancy.emerson.fs2 and the Excel extension)You will submit your Excel file in Bb in the textbox of the essay question.