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Attached is the templete to be used:  Tabs to complete are Trial Balance and Adjusting Entries only. 


You are a certified public accountant (CPA) who is working with a small bakery to prepare their financial statements for three months of the current fiscal year. Because the company is a startup and so small, the accounting is done manually in Microsoft Excel. You have been given the accounts and information you need to prepare their financial statements, but you will need to use the accounting cycle to report accurate information to the finance department.


Accrual Basis: In your company accounting workbook, apply the accrual basis of accounting and prepare adjusting entries to ensure accurate accounting for expenses that lack transactions in the current period. (You may refer to the  if necessary, but keep in mind that your work for this milestone should be added to the work you completed in your workbook for the previous milestone.)

Specifically, you must address the following rubric criteria:

  • Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the Trial Balance tab of the company accounting workbook, ensuring that the total debits and credits match.
  • Adjusting Entries: Prepare the Adjusting Entries tab of the company accounting workbook. Ensure that the entries are correctly transferred to the adjusting entries portion of the Trial Balance tab.
  • Adjusted Trial Balance: Prepare the adjusted trial balance on the Trial Balance tab, ensuring that the debit and credit totals match.

Guidelines for Submission

Build on your work from Milestone One to complete the Trial Balance and Adjusting Entries tabs in your company accounting workbook.