ACC 201 Bank Memo Final LaToya Davis

ACC 201 Bank Memo Final LaToya Davis - Running head ACC...

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Running head: ACC 201 FINAL PROJECT PART II BANK MEMO 1 ACC 201 Final Project Part II Bank Memo LaToya Davis Southern New Hampshire University
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ACC 201 Final Project Part II Bank Memo 2 To: Wells Fargo From: Peyton Approved Date: 12/17/2016 Subject: Loan for Upscaling Business Peyton Approved is a company that was created from my home for my dog Peyton. I created treats that are hypoallergenic for dogs. The overwhelming success of the treats from Peyton Approved saw fit to start a bakery. This memo is to formally request a business loan for the start of Peyton Approved as a legit business. Overview of the Company’s Accounting System The method of accounting that Peyton Approved uses is accrual-basis accounting. This method records every monetary transaction the moment it happens. This method is the best method as we are a new business. This way we can see Peyton Approved position as a company (financially) during a certain accounting period. With this method you can see all of the assets that were earned and liabilities (if any have occurred).
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