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Final Project Peyton Approved Data
You will prepare financial statements that will allow you to assess how profitable the business is.
Below you will find the data required to make entries in your accounting workbook. Remember that you are following the business transactions for a six-month period from the initial stage of analysis and recording, through the reporting process. These transactions will include:
• the initial setup of the business
• …show more content…
The following baking supplies purchases are made on credit:
August 8 - $8,500, net 30 – paid 8/30
September 10 - $9,000, net 30 – paid 10/1 (cell B10)
October 12 - $10,000, net 30 – paid 11/1
November 10 - $10,000, net 30 – paid 12/1
December 4 - $12,000, net 30 – paid 1/2
Enter the miscellaneous supplies purchased (below) in the appropriate Journal Entries month tab, as indicated below. See sample in the October Journal Entries Tab.
The following misc. supplies were purchased:
August 25 – $300
September 19 – $325
October 14 – $310 (cell B19)
November 11 – $300
December 8 – $300
Enter payroll (below) in the appropriate Journal Entries month tab, as indicated below. See sample in the November Journal Entries Tab.
Through December 31, the part-time employee worked the following hours: (ignore payroll taxes)
(see table to right)
Enter the following monthly bills received and paid (below) in the appropriate Journal Entries month tab, as indicated below. See sample in the December Journal Entries tab (sample in cells B22, B28, and B57).
The following monthly bills are received and paid (July–December)