see attached – you in advance Transcribed Image Text: Estella Osage publishes an online travel magazine. In need of cash, the business applies for a loan with National Bank. The

see attached – you in advance Transcribed Image Text: Estella Osage publishes an online travel magazine. In need of cash, the business
applies for a loan with National Bank. The bank requires borrowers to submit
financial statements. With little knowledge of accounting, Estella Osage, the owner,
does not know how to proceed.
Requirements
1. are the four financial statements that the business will need to prepare?
2. Is there a specific order in which the financial statements must be prepared?
3. Explain how to prepare each statement.
must be prepared? Explain how to prepare each statement.
In the first column, select the four financial statements that the business will need to prepare. In the second column, select the number corresponding with the order
the financial statements must be prepared. If there is no specific order, select “n/a” for each statement. In the third column, select the letter grouping that corresponds
with the proper explanations for how to prepare each statement.
i (Click the icon to view the explanations for how to prepare each statement.)
1. Financial statement
2. Order
3. How to prepare

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