Is anyone on here good at financial accounting? I could really use some help..

Question

rhondasommer · Answer

relatively. let me see the question

destinyyyy · Answer

This is my first week in the course and im really struggling.

rhondasommer · Answer

lol i dont blame you. I would cry.

destinyyyy · Answer

Oh im about to. Im taking this course along with three others. Im extremely stressed out.

rhondasommer · Answer

your answer to no.1 looks great!

destinyyyy · Answer

Okay.. Now number two.. :/

rhondasommer · Answer

lol

rhondasommer · Answer

okay so what yoiu need to do is state what they have spent.

rhondasommer · Answer

youve got this pretty much down :) I reccomend looking at your own balance sheet and making it loook similar to your own :)

destinyyyy · Answer

Im looking at examples in the book but Im not sure if Im actually doing this right.

rhondasommer · Answer

send me some 
;0

rhondasommer · Answer

whatever they borrowed from the bank and had before they spent anything :)

rhondasommer · Answer

yep :)

destinyyyy · Answer

Thats everything right? Now I just have to calculate everything.

rhondasommer · Answer

yup! see? you got dis

rhondasommer · Answer

they did. look at what you sent me

rhondasommer · Answer

oh nevermind

destinyyyy · Answer

I guess it wont equal each other because they have no revenue

rhondasommer · Answer

yeah. i was so confused for a second

destinyyyy · Answer

Okay. So everything looks good???

destinyyyy · Answer

Thank you for your help!

rhondasommer · Answer

yes. :)