ENTR 6210 Week 2 Assignment 1 FunkieVideo.com
Due:Â Submit by end of Day 2
Value:Â 30 points
FunkieVideo.com, a hypothetical start-up, opened for business on April 1 this year. FunkieVideo.com allows anyone to upload short personal videos, on which viewers then vote each month. The videos with the most votes will receive cash and other rewards, with a "grand prize" in a runoff among the winning monthly videos each year.
You are the founder and president. You have not yet hired an accountant but your bank is asking for an income statement and balance sheet for the first month of operation.
Click the link below to download the activity sheet. Follow the instructions on the activity sheet.
Funkie Video Accounting Activity
Funkie Video Grading Rubric
Neither the Income Statement nor Balance Statement needs to be "correct."
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Worksheet is used to enter transactions: 10%
Income Statement shows only revenue and expenses in proper categories: 20%
Balance Statement shows assets, liabilities, equity items in correct categories; retained earnings number is same number shown for profit or loss: 20%
Statements show fundamental understanding of the concept of accrual accounting: 50%
Answers
Status NEW
Posted 24 May 2017 07:05 PM
My Price 12.00
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Attachments
file 1495654419-ENTR 6210 Week 2 Assignment 1 FunkieVideo.com.xlsx preview (101 words )
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