1. Need cash from last year's Balance Sheet and post to the Statement of Cash Flows (I mistakenly wrote Cash Flow Statements on the Image, sorry) as BEGINNING CASH.
2. Do the Income Statement and post NET INCOME to the STATEMENT OF R/E Net Income Box.
3. Post R/E from last year's Balance Sheet into the first box of the Statement of R/E.
4. Post the results from the Statement of R/E into the current Balance Sheet.
5. Post the Ending Cash into the Cash column to the current Balance Sheet.
Hope this was helpful, I will post a video to my YouTube channel http://www.youtube.com/lseexternal
If you have any questions, please leave a comment or feel free to email me
Joon Kang
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