Financial Accounting Case of Fishy Farms

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Financial Accounting Case of Fishy Farms

  • Develop journal entries, in a proper format, for all of the accounting transactions in January for Fishy Farm.
  • Create an income statement for the month of January for Fishy Farm.
  • Reconstruct the balance sheet for Fishy Farm as of January 31, 20×1.
  • Identify and discuss issues that JB should be concerned about regarding taking over the accounting function of the business.
  • If you were a banker, would you lend money to Fishy Farm?Why or why not?

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