The excel slides demonstrate my ability to understand the accounting processing cycle.

1. Luscious Layers Bakery
2016
1-Mar Delivery Truck 7,900.00$
Cash 7,900.00$ 
1-Mar Advertising Expense 2,000.00$
Cash 2,000.00$ 
3/2 - 3/12 Cash 11,354.45$ 
Sales Revenue 11,354.45$ 
Cost of Goods Sold 9,393.69$ 
Inventory 9,393.69$ 
4-Mar Salary Payable (from 2/22-2/26) 832.00$ 
Cash 832.00$ 
4-Mar Interest Payable 133.33$ 
Cash 133.33$ 
5-Mar Accounts Recievable 764.34$ 
Sales Revenue 764.34$ 
Cost of Goods Sold 532.23$ 
Inventory 532.23$ 
1-Mar Inventory $13,489.23 
Cash $13,489.23 
3/1/2016 Inventory 61.34$ 
cash 61.34$ 
8-Mar Supplies 3,025.84$ 
Cash 3,025.84$ 
12-Mar Supplies Expense 1,334.45$
Supplies 1,334.45$ 
3/13-3/26 Cash 10,392.23$ 
Sales Revenue 10,392.23$ 
Cost of Goods Sold 8,824.35$ 
Inventory 8,824.35$ 
16-Mar Cash 2,500.00$ 
Unearned Rent Revenue 2,500.00$
18-Mar Salary Expense 3,392.00$
Cash 3,392.00$ 
19-Mar Accounts Payable 6,394.27$ 
Cash 6,394.27$ 
######## Inventory 11,463.23$ 
Accounts Payable 11,463.23$ 
3/27-3/31 Cash 3,397.29$ 
Sales Revenue 3,397.29$ 
Cost of Goods Sold 2,039.48$ 
Inventory 2,039.48$ 
Adjusting Entries
31-Mar Interest Expense 266.67$
Interest Payable 266.67$ 
31-Mar Salary Expense 3,936.00$
Salary Payable 3,936.00$ 
31-Mar Depreciation Expense (ovens) 169.43$
Accumulated Depreciation - Ovens 169.43$
31-Mar Depreciation Expense (cash register) 23.65$
Accumulated Depreciation - cash register 23.65$
31-Mar Depreciation Expense (for furniture) 124.96$
Accumulated Depreciation - furniture 124.96$
31-Mar Depreciation Expense (refrigerated truck) 131.67$
Accumulated Depreciation -refrigerated truck 131.67$
31-Mar Rent Expense 2,000.00$
Prepaid Rent 2,000.00$ 
31-Mar Supplies Expense 1,438.24$
Supplies 1,438.24$ 
31-Mar Cash 764.34$ 
Accounts Receivable 764.34$ 
31-Mar Unearned Rent Revenue 500.00$
Rent Revenue 500.00$
######## Utility Expense 343.47$
Cash 343.47$ 
######## Accounts Payable 4,044.30$ 
Cash 4,044.30$ 
31-Mar Notes Payble 3,200.00$
Cash 3,200.00$ 
31-Mar Withdrawal 3,250.00$
Cash 3,250.00$ 
Balance Sheet Accounts
Cash Accounts Receivable Prepaid Rent Inventory Supplies
1-Mar 5-Mar 764.34$  31-Mar 3/1-3/12 8-Mar 3,025.84$ 
7,900.00$  2,000.00$ 9,393.69$ 
1-Mar 31-Mar 5-Mar 12-Mar
2,000.00$  764.34$  532.23$  ######## 
3/1-3/12 11,354.45$  8-Mar $13,489.23  31-Mar
-$ 2,000.00$ ######## 
4-Mar 3/13-3/26
832.00$  8,824.35$ 
4-Mar 3/27-3/31 3,025.84$ ########
133.33$  2,039.48$ 
1-Mar 12-Mar 253.15$
$13,489.23  0
8-Mar 3/1/2016 61.34$ 
3,025.84$ 
3/13-3/26 10,392.23$  3/20/2016 ######### 
16-Mar 2,500.00$  ######### 20,789.75$
18-Mar 4,224.05$
3,392.00$ 
19-Mar
6,394.27$ 
3/27-3/31 3,397.29$ 
31-Mar 764.34$ 
1-Mar
61.34$ 
31-Mar
343.47$ 
31-Mar
4,044.30$ 
31-Mar
3,200.00$ 
31-Mar
3,250.00$ 
28,408.31$ #########
#########
Vehicle (Catering Truck) Accumulated Depreciation (Truck) Accumulated Depreciation (Ovens)Ovens Accumulated Depreciation (cash register) Accumulated Depreciation (furniture)
1-Mar 7,900.00$ 31-Mar 31-Mar 31-Mar 31-Mar
131.67$ 169.43$ 23.65$ #######
7,900.00$ 131.67$ 169.43$ 23.65$ #######
Accounts Payable Notes Payable Salary Payable Interest Payable
19-Mar 6,394.27$  31-Mar ######## 4-Mar 832.00$  4-Mar 133.33$ 
20-Mar 31-Mar 31-Mar
#########  3,936.00$  266.67$ 
31-Mar 4,044.30$ 
10,438.57$ #########
1,024.66$ ######## 3,104.00$ 133.34$
Unearned Revenue
16-Mar
2,500.00$
31-Mar 500.00$
2,000.00$
Capital Withdrawal
31-Mar ########
########
Income Statement Accounts
Sales Revenue Rent Revenue Cost of Good Sold Rent Expense Advertising Expense Supplies Expense
3/1-3/12 3/31/2016 3/1-3/12 9,393.69$  31-Mar 2,000.00$ 3/1/2016 2,000.00$ 3/12/2016 1,334.45$
#########  500.00$
5-Mar 5-Mar 532.23$  31-Mar 1,438.24$
764.34$ 
3/13-3/26 3/13-3/26 8,824.35$ 
######### 
3/27-3/31 3/27-3/31 2,039.48$ 
3,397.29$ 
######### 500.00$ 20,789.75$ 2,000.00$ 2,000.00$ 2,772.69$
Interest Expense Utility Expense
31-Mar 266.67$ 31-Mar 343.47$
Salary Expense Depreciation Expense (ovens) Depreciation Expense (cash register) Depreciation Expense (furniture) Depreciation Expense (refridgerated truck)
######## 3,392.00$ 31-Mar 169.43$ 3/31/2016 23.65$ 3/31/2016 124.96$ 3/31/2016 #######
######## 3,936.00$
7,328.00$ 169.43$ 23.65$ 124.96$ #######
Trial Balance Trial Balance Trial Balance YTD Income Statement Income Statement YTD Balance Sheet Balance Sheet YTD
########
Cash 19,657.47$ 46,929.71$ -$ ######### 46,929.71$ -$
Accounts Revceivable -$ -$ -$ -$ -$
Prepaid Rent 2,000.00$ 9,000.00$ -$ 2,000.00$ 9,000.00$ -$
Supplies 253.15$ 1,773.07$ 253.15$ -$ 1,773.07$ -$
Inventory 4,224.05$ $10,397.49 4,224.05$ -$ 10,397.49$ -$
Cash register 1,419.00$ -$ -$ 1,419.00$ -$
Ovens 10,166.00$ -$ -$ 10,166.00$ -$
Furniture and Fixtures 10,496.29$ -$ -$ 10,496.29$ -$
Truck 7,900.00$ 7,900.00$ 7,900.00$ -$ 7,900.00$ -$
Accumulated Depreciation (furniture) 124.96$ 249.92$ -$ 124.96$ -$ 249.92$
Accumulated Depreciation (ovens) 169.43$ 338.86$ -$ 169.43$ -$ 338.86$
Accumulated Depreciation (cash register) 23.65$ 47.30$ -$ 23.65$ -$ 47.30$
Accumulated Depreciation (truck) 131.67$ 131.67$ -$ 131.67$ -$ 131.67$
Accounts Payable 1,024.66$ $11,463.23 -$ 1,024.66$ -$ 11,463.23$
Notes Payable 3,200.00$ 36,800.00$ 3,200.00$ -$ -$ 36,800.00$
Salary Payable 3,104.00$ 3,936.00$ -$ 3,104.00$ -$ 3,936.00$
Interest Payable 133.34$ 266.67$ -$ 133.34$ -$ 266.67$
Unearned Revenue 2,000.00$ 2,000.00$ -$ 2,000.00$ -$ 2,000.00$
Capital 60,000.00$ -$ -$ -$ 60,000.00$
Withdrawal 3,250.00$ $4,708.33 3,250.00$ 4,708.33$ -$
Sales Revenue 25,908.31$ $32,155.80 25,908.31$ $32,155.80
Cost of Goods Sold ######### 25,116.22$ 20,789.75$ 25,116.22$
Advertising Expense 2,000.00$ 4,000.00$ 2,000.00$ 4,000.00$
Salary Expense 7,328.00$ 8,160.00$ 7,328.00$ 8,160.00$
Interest Expense 266.67$ 400.00$ 266.67$ 400.00$
Utility Expense 343.47$ 343.47$ 343.47$ 343.47$
Rent Expense 2,000.00$ 3,000.00$ 2,000.00$ 3,000.00$
Depreciation Expense (furniture) 124.96$ 249.92$ 124.96$ 249.92$
Depreciation Expense (ovens) 169.43$ 338.86$ 169.43$ 338.86$
Depreciation Expense (cash register) 23.65$ 47.30$ 23.65$ 47.30$
Depreciation Expense (truck) 131.67$ 131.67$ 131.67$ 131.67$
Supplies Expense 2,772.69$ 3,312.12$ 2,772.69$ 3,312.12$
Rent Revenue 500.00$ 500.00$ 500.00$ 500.00$
######### 54,777.49$ 147,889.45$ ########### 35,950.29$ 26,408.31$ 45,099.56$ $32,655.80 ######### ######### 102,789.89$ 115,233.65$
Net Loss (9,541.98)$ ########## (9,541.98)$ ($12,443.76)
######### ######### 102,789.89$ 102,789.89$