1 Illustrate the process for moving from transactions to the development of the income statement.
3 The linkages between the income statement and the balance sheet.© BrainMass Inc. brainmass.com June 4, 2020, 12:38 am ad1c9bdddf
The best way to "show" this is with a picture...open the attached excel sheet. See the blue bolded amounts? That is the ending ...
This solution presents a picture (that differs from any textbook on the market) of how transactions are mapped to the accounting equation and then "fit" into the major financial statements. This visual also shows how the statements are all linked. Examples are given and discussion is included.