I have a group project due tomorrow and my balance sheet won't balance out.

Anyone feel like taking a look at it for me via email and let me know what I'm doing wrong? I think I just have one variable or one percent wrong.

 

Have you made sure that all of your journal entries balance?

Did your opening balance sheet balance?

Are you sure that you transferred the net income to retained earnings?

 

Its all pre drafted on an excel spreadsheet, but I think some of the variables aren't entered right. I can't figure it out. I'm getting closer and closing the gap, but now its to the point where its like pulling teeth.

 

not sure if I can help, but I can give it a shot. Let me know if you want my email!

 

Balance sheet... it never balances.

 

No, it doesn't.

 

i'm ok with accounting...pm if you want another set of eyes on it

 

Ill shoot you a PM later. My files are at home and I'm at school now.

 

balanced, did it happen?

 

assets - liabilities = equity

It's impossible for a balance sheet to not balance. Your formulas are wrong.