Question

Can you please create me an income statement and balance sheet as the example below. Thank you

Think about a business, movie, story, etc. that interests you and put together an Income Statement and Balance sheet for that entity. As an example I used The Three Bears from Goldilocks and .. Since we do not know what business the Bears were in, I'm going with Salmon Farming. If you remember the story, Goldilocks breaks into the bears' home, eats porridge, breaks the chair and sleeps in the beds.

The Three Bears, Inc. Income Statement Year Ended June 30, 2018
Revenues:
Salmon Sales		$ xx, xxx
Expenses:
Porridge expense	xxx
Depreciation Expense--Chairs	xxx
Depreciation Expense--Beds	xxx
Rating expense (too big, too small, just right)	xxx
Net Income		$x,xxx

The Three Bears, Inc. Balance Sheet June 30, 2018
Assets
Porridge Supplies	xx, xxx
Equipment--Chairs Equipment--Beds Less: Accumulated Depreciation	xx,xxx xx,xxx (x,xxx)
Total Assets		$xx, xxx
Liabilities
Liability for broken furniture, lost porridge	xx, xxx
Mortgage payable on Cottage	xx, xxx
Equity
Bear Family Equity	xx, xxx
Total Liabilities & Equity		$xx, xxx

Posts should include at least one revenue, and 2 each of expenses, assets, and liabilities. Don’t worry about dates and amounts unless they are relevant to your entity.

Answer 1

Save More Pvt Ltd (Business running Supermarket)

Income Statement for the Year Ended 31.12.2018

	Amount (in $)
REVENUES
Sales Revenue	XXXX
Less: Sales Returns	XXXX
TOTAL REVENUES	XXXX
Less: Cost of Goods Sold	XXXX
GROSS PROFIT	XXXX
EXPENSE
Advertising Expenses	XXXX
Depreciation Expense	XXXX
Insurance Expense	XXXX
Interest Expense	XXXX
Salaries & Wages Expense	XXXX
Utilities Expenses	XXXX
TOTAL EXPENSES	XXXX
NET INCOME BEFORE TAXES	XXXX
Less: Income Tax Expense	XXXX
NET INCOME	XXXX

Balance sheet as at 31.12.2018

	Amount (in $)
ASSETS
Inventory	XXXX
Debtors	XXXX
Furniture	XXXX
TOTAL ASSETS	XXXX
LIABILITIES & EQUITY
Borrowings from Bank	XXXX
Outstanding Expenses	XXXX
EQUITY
Share Capital	XXXX
TOTAL LIABILITIES & EQUITY	XXXX

Hope this helped!! If Yes, Please rate my answer!!