Ok, so it won't let me skip it because my sales are over $250k. :( Unless there is a way around that?
My profit is only about $38k. It's showing that as a liability, but I can't figure out where to balance it as an asset.
Beginning bank balance: $9684
Ending bank balance: $0 because we closed the business, and cashed out. Do I need to show what was there when we closed in October?
Retained Earnings: $38,382.
As far as I can see on this balance sheet, that's all it's asking for? But where do Retained Earnings go as an asset??
Thank you so much!!
