Chart of AccountsThis chart of accounts should help you identify t

Chart of AccountsThis chart of accounts should help you
identify the appropriate accounts to record to as you are
analyzing and journaling transactions for this workbook. There
is nothing to complete on this page; this is simply a resource for
you.Asset AccountsLiability AccountsEquity AccountsAcct
#Acct #Acct #Cash101Notes Payable201Common
Stock301Baking Supplies102Accounts
Payable202Dividends302Prepaid Rent103Wages
Payable203Cost of Goods Sold303Prepaid Insurance104Interest
Payable 204Baking Equipment105Office Supplies106Accounts
Receivable107 Accumulated Depreciation108Merchandise
Inventory109Revenue AccountsAcct #Bakery
Sales401Merchandise Sales402Expense AccountsAcct #Baking
Supplies Expense501Rent Expense502Insurance
Expense503Misc. Expense504Business License
Expense505Advertising Expense506Wages
Expense507Telephone Expense508Interest
Expense509Depreciation Expense510Office Supplies
Expense511CashBaking SuppliesPrepaid RentPrepaid
InsuranceBaking EquipmentOffice SuppliesAccounts
ReceivableAccumulated DepreciationMerchandise
InventoryNotes PayableAccounts PayableWages PayableInterest
Payable Common StockDividendsBakery SalesMerchandise
SalesBaking Supplies ExpenseRent ExpenseInsurance
ExpenseMisc. ExpenseBusiness License ExpenseAdvertising
ExpenseWages ExpenseTelephone ExpenseInterest
ExpenseDepreciation ExpenseOffice Supplies ExpenseCost of
Goods Sold
October Journal EntriesA CompanyGeneral Journal Entries
October, 20xxDateAccountsDebitCredit1-Oct$$1-Oct3-Oct7-
Oct10-Oct11-Oct13-Oct13-Oct14-Oct30-Oct31-Oct31-Oct31-
OctTotal- 0- 0<== Do the debits equal the credits? (they should)
November Journal EntriesA CompanyGeneral Journal Entries
November, 20xxDateAccountsDebitCreditTotal- 0- 0<== Do the

debits equal the credits? (they should)
December Journal EntriesA CompanyGeneral Journal Entries
December, 20xxDateAccountsDebitCreditBe sure to review the
Inventory Valuation tab (Columns M-P) for all Inventory related
journal entries as they are given to you! Total- 0- 0<== Do the
debits equal the credits? (they should)
Inventory ValuationFIFOPurchasesSalesEnding
InventoryPurchasesDateNo. of ItemsUnit PriceTotal PriceNo. of
ItemsUnit PriceTotal PriceNo. of ItemsUnit PriceTotal
PriceDate
Microsoft: Below are the journal entries for each inventory
related transaction! All you need to do is copy and paste it into
the correct dates on the December Journal tab! DrCr12/7: 10
boxes purchased at $67-Dec10$ 6.00$ 60.0010$ 6.00$
60.007-DecMerchandise Inventory (10 x $6)60.0012/20: 20
boxes purchased at $6.10 Cash60.0012/30: 25 boxes purchased
at $6.0515-Dec8$ 6.00$ 48.002$ 6.00$ 12.00Purchased
inventorySales – selling price, $8.50 a box12/15: 8 boxes20-
Dec20$ 6.10$ 122.002$ 6.00$ 12.0015-DecCash (8 x
$8.50)68.0012/24: 18 boxes20$ 6.10$ 122.00 Merchandise
Sales Revenue68.0022$ 134.00Record sale of inventory24-
Dec2$ 6.00$ 12.0015-DecCost of Goods Sold (8 X
$6)48.0016$ 6.10$ 97.604$ 6.10$ 24.40 Merchandise
Inventory48.0018$ 109.60Recorded the cost of goods sold30-
Dec25$ 6.05$ 151.254$ 6.10$ 24.4020-DecMerchandise
Inventory (20 x $6.10 )122.0025$ 6.05$ 151.25
Cash122.0029$ 175.65Net Inventory55$ 333.2526$
157.6029$ 175.6524-DecCash (18 x 8.50)153.00 Merchandise
Sales Revenue153.00Record sale of inventor y24-DecCost of
Goods Sold (2 x $6)+(16 x $6.10)109.60 Merchandise
Inventory109.60Recorded the cost of goods sold30-
DecMerchandise Inventory (25 x $6.05)151.25 Cash151.25
T-Accounts - autofilldateCashdatedateNotes
PayabledateBusiness License expCommon Stock1-Oct$$ - 03-
Oct10-Oct$ - 0$1-Oct3-Oct$ - 0$ - 013-Oct$ - 07-Oct$ -

0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 010-Oct$ - 0$ - 0$ - 0$
- 011-Oct$ - 013-Oct$ - 014-Oct$ - 031-Oct31-Oct$ - 0$
- 05-Nov8-Nov$ - 0$ - 010-Nov18-Nov$ - 0$ - 015-Nov$
- 020-NovAccounts Rec.$ - 020-Nov31-Oct- 0$ - 022-Nov-
08-Nov30-Nov$ - 0- 018-Nov$ - 01-Dec30-Nov- 0$ - 05-
Dec- 08-Dec$ - 07-Dec31-Dec- 08-Dec$ - 0$ - 010-Dec$ -
0$ - 0$ - 013-Dec$ - 0$ - 015-Dec15-Dec$ - 0$ - 020-
Dec$ - 020-Dec24-Dec$ - 0$ - 030-Dec31-Dec$ - 0$ - 0$
- 0$ - 0Misc. expenseBaking equipmentAdvertising
expense11-Oct$ - 013-Oct$ - 013-Oct$ - 0$ - 0$ - 0$ -
0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0Baking suppliesOffice
suppliesRent expense1-Oct$ - 014-Oct$ - 07-Oct$ - 015-
Nov$ - 022-Nov$ - 015-Nov$ - 011-Dec$ - 015-Dec$ - 0$
- 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0$ - 0Prepaid
rentPrepaid insuranceBakery Sales7-Oct$ - 031-Oct$ - 0$ -
031-Oct$ - 030-Nov$ - 031-Dec$ - 0$ - 0$ - 0$ - 0$ -
0$ - 0$ - 0$ - 0$ - 0Accounts payableSalary and wages
expenseSalaries and wages payable$ - 01-Oct31-Oct$ - 0$ -
031-Oct$ - 031-Oct15-Nov$ - 05-Nov$ - 010-Nov$ - 030-
Nov$ - 0$ - 015-Nov$ - 015-Nov15-Dec$ - 020-Nov$ -
020-Nov$ - 031-Dec$ - 0$ - 030-Nov$ - 030-Nov5-Dec$
- 010-Dec$ - 0$ - 0$ - 0$ - 015-Dec$ - 011-Dec$ - 020-
Dec$ - 013-Dec$ - 0$ - 031-Dec$ - 0$ - 0$ - 0$ - 0$ -
0$ - 0Telephone expenseDividendsCOGS 30-Oct$ - 01-Dec$
- 015-Dec$ - 030-Nov$ - 0$ - 0$ - 024-Dec$ - 0$ - 0$
- 0$ - 0$ - 0$ - 0$ - 0$ - 0Merchandise Sales
RevenueMerch. Inv. FIFO$ - 015-Dec7-Dec$ - 0$ - 024-
Dec$ - 015-Dec20-Dec$ - 0$ - 0$ - 0$ - 024-Dec$ -
030-Dec$ - 0$ - 0$ - 0$ - 0
Adjusting EntriesA CompanyAdjusting Journal Entries
20XXDateAccountsDebitCredit31-DecDepreciation
ExpenseAccumulated Depreciation<== Interest adjustment goes
here<== Interest adjustment goes here<== Insurance adjustment
goes here<== Insurance adjustment goes here<== Baking
supplies adjustment goes here<== Baking supplies adjustment
goes here<== Office supplies adjustment goes here<== Office

supplies adjustment goes here- 0- 0<== Do the debits equal the
credits? (they should)
Trial BalanceA CompanyTrial Balance20xxUnadjusted trial
balanceAdjusting entriesAdjusted trial
balanceAccountDebitCreditDebitCreditDebitCreditCash-
0Baking Supplies- 0Merchandise InventoryPrepaid RentPrepaid
Insurance- 0Baking EquipmentAccumulated Depreciation-
0Office Supplies- 0Accounts ReceivableNotes PayableInterest
Payable- 0Accounts PayableWages PayableCommon
StockDividendsBakery SalesMerchandise SalesBaking Supplies
Expense- 0Rent ExpenseInterest Expense- 0Insurance Expense-
0Depreciation Expense- 0Misc. ExpenseOffice Supplies
Expense- 0Business License ExpenseAdvertising ExpenseWages
ExpenseTelephone ExpenseCOGSRetained EarningsTotal:- 0- 0-
0- 0- 0- 0Do these two columns tie to the debits and credits on
the adjusting entries tab?Debits should equal creditsDebits
should equal creditsDebits should equal credits`
Income StatementA CompanyIncome StatementFor Qtr. Ending
12/31/20XXRevenues Total Revenues- 0<== Don't forget the
COGS!Gross Profit- 0Operating Expenses:Baking Supplies
Expense- 0Total Operating Expenses:- 0Net Income- 0
Statement of Stockholder EquityA CompanyStatement of
Stockholder's EquityFor Qtr. Ending 12/31/20xxCommon
StockRetained EarningsTotalBeginning Balances, September
30000Issued Common StockNet IncomeDividendsMake sure
your dividends are negative so the formula subtracts
themEnding Balances, December 31:- 0- 0- 0
Balance SheetA CompanyBalance SheetAs of December 31,
20XXAssetsLiabilities and Owners' EquityCurrent
Assets:Current Liabilities:Total Current Liabilities- 0Long
Term Liabilities:Total Current Assets- 0Total Long Term
Liabilities:- 0Total Liabilities:- 0Shareholder's Equity:Non-
Current Assets:
Microsoft: show number as negative as the total formula will
subtract it for you. Total Equity - 0Baking Equipment (Net)-

0Total Assets:- 0Total Liabilities & Equity - 0<== Do the debits
equal the credits? (they should)
Closing EntriesA CompanyClosing Entries Qtr ending
12/31/20xxDateAccountsDebitCreditNote** We are closing out
the same accounts that are listed on the income statement31-
DecBakery SalesMerchandise Sales Retained Earnings31-
DecRetained Earnings Baking Supplies Expense Rent
Expense Wages Expense Misc Expense Business
License Expense Office Expense Depreciation Expense
Insurance Expense Advertising Expense Interest Expense
Telephone Expense COGS 31-DecRetained Earnings
Dividends
Post-Closing Trial BalanceA CompanyPost-Closing Trial
BalanceQtr. Ending 12/31/20xxUnadjusted Trial
BalanceAccountDebitCreditCashNote** These are the same
accounts that are listed on the balance sheetBaking
SuppliesMerchandise Inventory Prepaid RentPrepaid
InsuranceBaking EquipmentAccumulated Depreciation<==
Accumulated depreciation goes in the debit column - as a
reduction of the assets (so be sure it is a negative number!) just
as you have on the balance sheet.Office SuppliesAccounts
ReceivableAccounts PayableWages PayableInterest
PayableNotes PayableCommon StockRetained Earnings Total-
0- 0<== Do the debits equal the credits? (they should)
BIO150 – Nutrition
Unit 4 Assignment: Functions of Fats Assignment
Copyright 2022 Post University, ALL RIGHTS RESERVED

Due Date: 11:59 pm EST Sunday of Unit 4
Points: 50
Overview:
For this assignment, you will analyze good fats and bad fats.
Instructions:
• Watch the “7 Ways to Optimize Your Cholesterol” video in
this week’s Readings
and Resources.
• Name and describe five functions of fat.
• List the five different types of fat.
• From the video, choose and describe two pieces of information
that surprised
you about lowering cholesterol.
o Include in your description an explanation about why each
surprised you.
• Choose three healthy cooking oils/fats and explain how you
can incorporate them
into your daily diet.
• Reviewing your All Daily Report, identify where the majority
of your fats come
from.
o Are they healthy fats or unhealthy fats?
o List the benefits of increasing your healthy fats and the health
issues that
can arise from eating too many unhealthy fats.

Requirements:
• Submit a Word document in APA format.
• RE-submit the PDF document containing all of the areas listed
for the
NutritionCalc Report.
Be sure to read the criteria below by which your work will be
evaluated before
you write and again after you write.
Copyright 2022 Post University, ALL RIGHTS RESERVED
Evaluation Rubric for Unit 4 Assignment
CRITERIA Deficient Needs
Improvement
Proficient Exemplary
(0-8 points) (9-14 points) (15-18 points) (19-20 points)
Five
Functions of
Fats and Five
Different
Types of Fat

The five
functions of fat
and the five
different types
of fat are not
listed.
One or two of
the five
functions of fat
and the five
different types
of fat are listed.
Three or four of
the five
functions of fat
and the five
different types
of fat are listed.
All five
functions of fat
and the five
different types
of fat are listed.
Lowering
Cholesterol
The
information
about lowering
cholesterol is
not included.

The
information
about lowering
cholesterol is
included but is
missing an
explanation.
The
information
about lowering
cholesterol is
included, but
lacks details.
The
information
about lowering
cholesterol is
written in a
clear and
detailed
manner.
Healthy
Cooking
Oils/Fats
The healthy
cooking
oils/fats are not
included.
The healthy
cooking

oils/fats are
included, but
no explanation
about
incorporation
into the diet is
written.
The healthy
cooking
oils/fats are
included, but
the section is
lacking details.
The healthy
cooking
oils/fats and
explanation
about
incorporation
into the diet are
written in a
clear and
detailed
manner.
Analysis of
All Daily
Report
The analysis of
the All Daily
Report is not
included.

The analysis of
the All Daily
Report is
included, but
only some
areas are
addressed.
The analysis of
the All Daily
Report is
included, and
most areas are
addressed.
The analysis of
the All Daily
Report is
written in a
clear and
detailed
manner.
NutritionCalc
Report
The
NutritionCalc
Report is not
attached or is
missing most
of the key
components.
The
NutritionCalc

Report is
missing some
of the key
components.
The
NutritionCalc
Report is
missing one or
two key
components.
The
NutritionCalc
Report
includes all of
the key
components.
Accounting Data Appendix
1. The following events occurred in October:
October 1: The business owner used $25,000 from their personal
savings account to buy common stock in their company.
October 1: Purchased $8,500 worth of baking supplies from
vendor, on account.
October 3: The company borrowed $10,000 in cash, in exchange
for a two-year, 6% note payable. Interest and the principal are
repayable at maturity.

October 7: Entered into a lease agreement for bakery space. The
agreement is for one year. The rent is $1,500 per month; the last
month’s rent payment of $1,500 is required at the time of the
lease agreement. The payment was made in cash. Lease period
is effective October 1 of this year through September 30 of the
next.
October 10: Paid $375 to the county for a business license.
October 11: Purchased a cash register for $250 (deemed to be
not material enough to qualify as depreciable equipment).
October 13: The owner has baking equipment, including an oven
and mixer, which they have been using for their home-based
business and will now start using in the bakery. You estimate
that the equipment is currently worth $5,000, and you transfer
the equipment into the business in exchange for additional
common stock. The equipment has a five-year useful life.
October 13: Paid $200 for business cards and flyers to use for
advertising.
October 14: Paid $300 for office supplies.
October 15: Hired a part-time helper to be paid $12 per hour.
One pay period is the first of the month through the fifteenth,
and the other is the sixteenth through the end of the month.
Paydays are the twentieth for the first pay period and the fifth
of the following month for the second pay period. (No entry
required on this date—for informational purposes only.)
October 30: Received telephone bill for October in amount of
$75. Payment is due on November 10.
October 31: Paid $1,200 for a 12-month insurance policy.
Policy effective dates are November 1 through October 31.

October 31: Accrued wages earned for employee for period of
October 16 through October 31. (See Wage Calculation Data
table at the end of this document.)
October 31: Total October bakery sales were $15,000 ($5,000 of
these sales on accounts receivable).
2. The following events occurred in November:
November 5: Paid employee for period ending October 31.
November 8: Received payments from customers toward
accounts receivable in amount of $3,800.
November 10: Paid October telephone bill.
November 15: Purchased additional baking supplies in amount
of $5,000 from vendor, on account.
November 15: Accrued wages earned for employee from period
of November 1 through November 15. (See Wage Calculation
Data table at the end of this document.)
November 15: Paid rent on bakery space.
November 18: Received payments from customers toward
November 20: Paid $8,500 toward baking supplies vendor
payable.
November 20: Paid employee for period ending November 15.
November 22: Purchased $300 in office supplies.

November 30: Received telephone bill for November in amount
of $75. Payment is due on December 10.
November 30: Accrued wages earned for employee for period of
November 16 through November 30. (See Wage Calculation
Data table at the end of this document.)
November 30: November bakery sales total was $20,000 ($7,500
of this total on accounts receivable).
3. Many customers have been asking for more allergy-friendly
products, so in December the bakery started carrying a line of
gluten-free products on a trial basis. The information below
relates to the purchase and sales of the new products.
Use the perpetual inventory method with the FIFO valuation
method. Please see the “Inventory Valuation” tab in your
workbook for purchase and sales information.
The following events occurred in December:
December 1: Paid dividends to self in amount of $10,000.
December 5: Paid employee for period ending November 30.
December 7: Purchased merchandise for resale. See the
“Inventory Valuation” tab for details.
December 8: Received payments from customers toward
December 10: Paid November telephone bill.
December 11: Purchased baking supplies in amount of $7,000
from vendor on account.

December 13: Paid on supplies vendor account in amount of
$5,000.
December 15: Accrued employee wages for period of December
1 through December 15.
December 15: Paid rent on bakery space $1,500.
December 15: Recorded merchandise sales transaction. See the
“Inventory Valuation” tab for details.
December 15: Recorded impact of sales transaction on COGS
and the inventory asset. See the “Inventory Valuation” tab for
details.
December 20: Paid employee for period ending December 15.
December 20: Purchased merchandise inventory for resale to
customers. See the “Inventory Valuation” tab for details.
December 24: Recorded sales of merchandise to customers. See
the “Inventory Valuation” tab for details.
December 24: Recorded impact of sales transaction on COGS
and the inventory asset. See the “Inventory Valuation” tab for
details.
December 30: Purchased merchandise inventory for resale to
customers. See the “Inventory Valuation” tab for details.
December 31: Accrued employee wages for period of December
16 through December 31.
December 31: Total December bakery sales were $25,000
($6,000 of these sales on accounts receivable).

4. On December 31, the following adjustments must be made:
· Depreciation of baking equipment transferred to company on
October 13. Assume half month of depreciation in October
using the straight-line method. Assume no salvage value.
· Accrue interest for note payable. Assume a full month of
interest for October. (6% annual interest on $10,000 loan)
· Record insurance used for the year.
· Actual baking supplies on hand as of December 31 are $1,100.
· Office supplies on hand as of December 31 are $50.
Wage Calculation Data
Month
Hours
Rate
Pay
31-Oct
10
12
120
15-Nov
40
12
480
30-Nov
35
12
420
15-Dec
38
12
456
31-Dec
40

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