Setup

Balance Sheet Accounts

Type
Assets
Assets
Assets
Assets
Assets
Assets
Assets
Assets
Assets
Assets
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Liabilities
Equity
Equity
Equity

<--Company Name

Le Belle

Account
Cash
Inventory
Equipment
Accum. Depreciation
Accounts Receivable
Other Assets

Accounts Payable
Unearned Revenue
Interest Payable
Income Tax Payable
Long-Term Debt
Wages Payable
Sales Tax Payable
Other Payable

Common Stock
Retained Earnings

Income Statement Accounts

Type
Revenue
Revenue
Revenue
Revenue
Revenue
COGS
COGS
COGS
COGS
COGS
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Operating Expenses
Other Expense
Other Expense
Other Expense
Other Expense

Account
Revenue

COGS
Inventory Waste & Shrinkage

Salaries & Wages

Supplies Expense
Marketing Expense
Rent Expense
Depreciation Expense
R&D Expense
Other Expense

Interest Expense
Income Tax Expense
Gain or (Loss) on Sale of Assets

Accounting
Periods
Periods
Week 0
Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
Week 8
Week 9

General Journal - Le Belle

Debits = Credits
Total

JE#
1
1
2
2
3
3
4
4
5
5
6
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
25
25
26
26
27
27
28
28
29
29
30
30
31
31
32
33
33
34
34
35
35
36
36
37
37
38
38
39

Date

Period

5/13/2016 Week 0
5/13/2016 Week 0
5/5/2016 Week 1
5/5/2016 Week 1
5/9/2016 Week 1
5/9/2016 Week 1
5/10/2016 Week 1
5/10/2016 Week 1
5/11/2016 Week 1
5/11/2016 Week 1
5/11/2016 Week 1
5/11/2016 Week 1
5/12/2016 Week 1
5/12/2016 Week 1
5/12/2016 Week 1
5/12/2016 Week 1
5/12/2016 Week 1
5/12/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/14/2016 Week 1
5/14/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/13/2016 Week 1
5/13/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/16/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1
5/18/2016 Week 1

Description
Loan Cash Received
Loan Cash Received
Printed paper for surveys (Adam)
Printed paper for surveys (Adam)
Printed paper for surveys (Adam)
Printed paper for surveys (Adam)
Printed paper for surveys (Adam)
Printed paper for surveys (Adam)
Logo (Zeb)
Logo (Zeb)
Folder for Surveys (Brady)
Folder for Surveys (Brady)
Pens for VIP party (Megan)
Pens for VIP party (Megan)
Copies (Brady)
Copies (Brady)
Packaging for products (Adam)
Packaging for products (Adam)
Fliers (Adam)
Fliers (Adam)
Supplies for booth
Supplies for booth
Booth, drink dispenser, mirror
Booth, drink dispenser, mirror
Paint
Paint
Loan Committee Packets (Adam)
Loan Committee Packets (Adam)
State stamps, mallet, pliers, metal block
State stamps, mallet, pliers, metal block
Ruler (Megan)
Ruler (Megan)
Business Cards
Business Cards
Company shirts
Company shirts
Chalk
Chalk
Metal practice sheets
Metal practice sheets
Copper sheet (Jeremy)
Copper sheet (Jeremy)
Sales day 1 - Cash
Sales day 1 - Credit
Sales day 1 - Revenue
COGS
Inventory
Sign supplies (Adam)
Sign supplies (Adam)
Lawn Signs
Lawn Signs
Logo Banner
Logo Banner
Paper supplies
Paper supplies
Pre-Order Forms
Pre-Order Forms
Sales day 2 - Cash
Sales day 2 - Credit
Sales day 2 - Revenue
COGS
Inventory
Company Posters
Company Posters
Company Catalog
Company Catalog
Le Belle Catalog
Le Belle Catalog
Purchasing of Inventory
Purchasing of Inventory
Sales day 3 - Cash
Sales day 3 - Credit
Sales day 3 - Revenue
COGS
Inventory

Other

GL Account
Cash
Long-Term Debt
Marketing Expense
Cash
Marketing Expense
Cash
Marketing Expense
Cash
Marketing Expense
Cash
Supplies Expense
Cash
R&D Expense
Cash
Marketing Expense
Cash
Supplies Expense
Cash
Marketing Expense
Cash
Supplies Expense
Cash
Equipment
Cash
Supplies Expense
Cash
Marketing Expense
Cash
Equipment
Cash
Supplies Expense
Cash
Supplies Expense
Cash
Marketing Expense
Cash
Supplies Expense
Cash
Supplies Expense
Cash
Supplies Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Supplies Expense
Cash
Marketing Expense
Cash
Marketing Expense
Cash
Supplies Expense
Cash
Supplies Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Supplies Expense
Cash
Marketing Expense
Cash
Marketing Expense
Cash
Inventory
Cash
Cash
Cash
Revenue
COGS
Inventory

Cleared

10,796.18
Debit

10,796.18
Credit

2,430.00
2,430.00
3.82
3.82
5.73
5.73
5.73
5.73
4.00
4.00
5.27
5.27
7.92
7.92
9.84
9.84
8.45
8.45
26.50
26.50
62.37
62.37
76.85
76.85
27.70
27.70
24.54
24.54
345.88
345.88
1.68
1.68
Week 1

Week 1

22.57
22.57
200.22
200.22
1.78
1.78
22.03
22.03
7.42
7.42

Week 1

21.90

Week 1

21.90
58.66
58.66
4.23
4.23
85.00
85.00
57.75
57.75
13.85
13.85
1.06
1.06

Week 1

117.10

Week 1

117.10
45.28
45.28

Week 1

16.78

Week 1

5.30

Week 1
Week 1

16.78
5.30
5.30
5.30
1,479.47
1,479.47

Week 1

66.35

Week 1

66.35
31.94
31.94

Total
JE#

Date

Period

Description

Other

GL Account

40
40
41
41
42
43
43
44
44
45
46
46
47
47
48
49
49
50
50
51
51
52
52
105
105

5/19/2016 Week 1
5/19/2016 Week 1
5/19/2016 Week 1
5/19/2016 Week 1
5/19/2016 Week 1
5/20/2016 Week 1
5/20/2016 Week 1
5/20/2016 Week 1
5/20/2016 Week 1
5/20/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/21/2016 Week 1
5/17/2016 Week 1
5/17/2016 Week 1

Sales day 4 - Cash

Sales day 4 - Credit
Sales day 4 - Revenue
COGS
Inventory
Sales day 5 - Cash
Sales day 5 - Credit
Sales day 5 - Revenue
COGS
Inventory
Sales day 6 - Cash
Sales day 6 - Credit
Sales day 6 - Revenue
COGS
Inventory
Salaries & Wages Payable
Wages Payable
Depreciation - week 1
Accum. Depreciation - week 1
Income Tax Payable - week 1
Income Tax Expense - week 1
Interest Tax Payable - week 1
Interest Tax Expense - week 1
Charge for Cash Box
Charge for Cash Box

Cash
Cash
Revenue
COGS
Inventory
Cash
Cash
Revenue
COGS
Inventory
Cash
Cash
Revenue
COGS
Inventory
Salaries & Wages
Wages Payable
Depreciation Expense
Accum. Depreciation
Income Tax Payable
Income Tax Expense
Interest Payable
Interest Expense
Cash
Other Assets

53
53
54
54
55
55
56
56
57
58
58
59
59
60
61
61
62
62
63
63
64
64
65
65
66
66
67
68
68
69
69
70
70
71
71
72
72
73
73
74
74
75
75
76
76
77
77
78
78

5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/23/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2

Company Fliers
Company Fliers
Jewelry Party (Food)
Jewelry Party (Food)
Sales day 7 - Cash
Sales day 7 - Credit
Sales day 7 - Revenue
COGS
Inventory
Sales day 8 - Cash
Sales day 8 - Credit
Sales day 8 - Revenue
COGS
Inventory
Equipment
Equipment
Inventory Costs
Inventory Costs
Company Posters
Company Posters
Company Yard Signs
Company Yard Signs
Sales day 9 - Cash
Sales day 9 - Credit
Sales day 9 - Revenue
COGS
Inventory
Sales day 10 - Cash
Sales day 10 - Credit
Sales day 10 - Revenue
COGS
Inventory
Inventory Waste
Inventory Waste
Company Inventory
Company Inventory
Company Fliers
Company Fliers
Sales day 11 - Cash
Sales day 11 - Credit
Sales day 11 - Revenue
COGS
Inventory
Inventory Waste
Inventory Waste
Salaries and Wages Payable
Wages Payable
Depreciation -Week 2
Accum. Depreciation -Week 2

Marketing Expense
Cash
R&D Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Cash
Cash
Revenue
COGS
Inventory
Equipment
Cash
Inventory
Cash
Marketing Expense
Cash
Marketing Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Cash
Cash
Revenue
COGS
Inventory
Inventory Waste & Shrinkage
Inventory
Inventory
Cash
Marketing Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Inventory Waste & Shrinkage
Inventory
Salaries & Wages
Wages Payable
Depreciation Expense
Accum. Depreciation

Cleared

10,796.18
Debit

10,796.18
Credit

85.00
85.00
33.16
33.16

Week 1

260.60

Week 1

260.60
102.44
102.44

Week 1

49.50

Week 1

49.50
23.81
23.81
378.64
378.64
42.71
42.71
233.10
233.10
24.30
24.30

Week 1

50.00

Week 1

50.00

Week 2

12.50

Week 2

19.57

Week 2
Week 2
Week 2

12.50
19.57
118.00

Week 2

118.00
78.24
78.24

Week 2
Week 2

216.90
216.90
77.66
77.66
110.55
110.55
144.13
144.13

Week 2

34.50

Week 2

102.00

Week 2
Week 2
Week 2
Week 2

34.50
102.00
346.81
346.81
117.12
117.12
475.75
475.75
152.26
152.26
10.48
10.48

Week 2

3.17

Week 2

21.00

Week 2
Week 2
Week 2

3.17
21.00
360.20

Week 2

360.20
104.86
104.86
8.71
8.71
500.00
500.00
56.53
56.53

Total
JE#

Date

Period

Description

Other

GL Account

79
79
80
80
101
101
102
102
103
103
104
104

5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
5/24/2016 Week 2
5/24/2016 Week 2
5/25/2016 Week 2
5/25/2016 Week 2
5/26/2016 Week 2
5/26/2016 Week 2
5/27/2016 Week 2
5/27/2016 Week 2
Week 2

Interest Tax Payable - Week 2

Interest Tax Expense - Week 2
Income Tax Payable - Week 2
Income Tax Expense - Week 2
Sales Tax
Sales Tax
Sales Tax
Sales Tax
Sales Tax
Sales Tax
Sales Tax
Sales Tax
Sales Tax

Interest Payable
Interest Expense
Income Tax Payable
Income Tax Expense
Sales Tax Payable
Cash
Sales Tax Payable
Cash
Sales Tax Payable
Cash
Sales Tax Payable
Cash

81
81
82
82
83
83
84
84
85
85
86
86
87
87
88
88
89
89
90
91
91
92
92
93
93
94
94
95
96
96
97
97
98
98
99
99
100

5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/27/2016 Week 3
5/27/2016 Week 3
5/31/2016 Week 3
5/31/2016 Week 3
5/30/2016 Week 3
5/30/2016 Week 3
5/30/2016 Week 3
5/30/2016 Week 3
5/20/2016 Week 3
5/20/2016 Week 3
5/27/2016 Week 3
5/27/2016 Week 3
5/24/2016 Week 3
5/24/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/1/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3
6/2/2016 Week 3

Sales day 11 - Cash

Sales day 11 - Credit
Sales day 11 - Revenue
COGS
Inventory
Inventory Waste
Inventory Waste
Le Belle Cards
Le Belle Cards
Catalog
Catalog
Le Belle Cards
Le Belle Cards
Decorations
Decorations
Decorations
Decorations
Farmers market fee
Farmers market fee
Farmers market fee
Farmers market fee
Towel for Operations
Towel for Operations
Sales day 12 - Cash
Sales day 12 - Credit
Sales day 12 - Revenue
COGS
Inventory
Inventory Waste
Inventory Waste
Sales day 12 - Cash
Sales day 12 - Credit
Sales day 12 - Revenue
COGS
Inventory
Inventory Waste
Inventory Waste

Cash
Cash
Revenue
COGS
Inventory
Inventory Waste & Shrinkage
Inventory
Supplies Expense
Cash
Marketing Expense
Cash
R&D Expense
Cash
Supplies Expense
Cash
Supplies Expense
Cash
Other Expense
Cash
Other Expense
Cash
Other Expense
Cash
Cash
Cash
Revenue
COGS
Inventory
Inventory Waste & Shrinkage
Inventory
Cash
Cash
Revenue
COGS
Inventory
Inventory Waste & Shrinkage
Inventory

Cleared

10,796.18
Debit

10,796.18
Credit
24.30

24.30
59.40
Week 2

Week 2
Week 2
Week 2
Week 2

Week 2

Week 3

59.40
12.28
12.28

28.09
28.09

26.00

Week 3

26.00
7.37
7.37
2.98
2.98
3.00
3.00
8.48
8.48
1.26
1.26

Week 3

Week 3
Week 3
Week 3

13.76
13.76
33.88
33.88

Week 3

6.00

Week 3

8.60

Week 3
Week 3

6.00
8.60
16.69
16.69
392.20
392.20
124.04
124.04
10.42
10.42
262.40
262.40
78.72
78.72
11.84
11.84

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total
JE#

Date

Period

Description

Other

GL Account

Cleared

10,796.18
Debit

10,796.18
Credit

Total

10,796.18

10,796.18

JE#

Date

Period

Description

Other

GL Account

Cleared

Debit

Credit

THIS PAGE INTENTIONALL

TIONALLY LEFT BLANK

Le Belle
Week Ending as of 5/14/2016, 9:00 PM
Michael Lippe, CEO, 760-912-5338, lip11001@byui.edu
Rhett West CFO, 408-569-0484, wes13016@byui.edu

Statement of Accurate Financial Data

The balance sheet and income statement represent: "The financial position of the company in
Michael Lippe, CEO
Rhett West, CFO
Disclosure of Free Equipment & Supplies
We have not received any free supplies or equipment.

of the company in all material respects.

Balance Sheet - Le Belle

A=L+OE
as of

Week 2

Assets:
Cash
Inventory
Accounts Receivable
Other Assets
Total Current Assets:
Equipment
Accum. Depreciation
Total Fixed Assets

Total Assets

Week 0
$

$
$
$
$

2,430
2,430
2,430

Week 1
$

$
$
$
$

Week 2

441 $
1,184
50
1,676 $

1,471
782
50
2,303

423 $
(43)
380 $
2,056 $

533
(99)
434
2,737

$
24
233
379
636 $
2,430
3,066 $

(40)
49
293
879
1,179
2,430
3,609

$
(1,010)
(1,010) $
2,056 $

(872)
(872)
2,737

Liabilities:
Accounts Payable
Sales Tax Payable
Interest Payable
Income Tax Payable
Wages Payable
Other Payable
Total Current Liabilities
Long-Term Debt

Total Liabilities

$
$

2,430
2,430

$
$

Owners' Equity:
Common Stock
Retained Earnings

Total Owners' Equity

$
Total Liabilities & Owners' Equity $

2,430

$
$
$

Week 3

Week 4

Week 5

Week 6

Week 7

Week 8

Week 9

Income Statement - Le Belle

Revenues:

Week 1

Week 2

Week 3

Week 4

Week 5

Week 6

Week 7

Week 8

Week 9

Total

Revenue

$
$

600 $
600 $

1,518 $
1,518 $

681 $
681 $

$
$

$
$

$
$

$
$

$
$

$
$

2,799
2,799

COGS
Inventory Waste & Shrinkage

295 $
295 $
305 $
51%

530 $
19
549 $
968 $
64%

210 $
25
235 $
445 $
65%

1,036
44
1,080
1,719
61%

379 $
8
434
43
195
1,058 $
(753) $

500 $
20
170
57
746 $
222 $

31
51
92
354

(24)
(777) $
(233)
-

(24)
198 $
(59)
-

354
-

(1,010) $

139 $

354

Total Revenue
Cost of Goods Sold:
Total Cost of Goods Sold
Gross Profit: (Rev - COGS)
Gross Margin

$
$

$
$

$
$

$
$

$
$

$
$

$
$

Expenses:
Salaries & Wages
R&D Expense
Marketing Expense
Rent Expense
Depreciation Expense
Other Expense
Supplies Expense

Total Operating Expenses

Income From Operations

$
$

$
1
8

$
$

$
$

$
$

$
$

$
$

$
$

$
$

879
29
612
99
31
246
1,896
(177)

Other Income & (Expenses):

Interest Expense

Income Before Tax

Income Tax Expense

Gain or (Loss) on Sale of Assets

Net Income

(49)
(226)
(293)
(518)

Analyze - Le Belle

GL Account

Date
5/16/2016
5/17/2016
5/18/2016
5/19/2016
5/20/2016
5/21/2016
5/23/2016
5/24/2016
5/25/2016
5/26/2016

5/27/2016
5/31/2016
6/1/2016
6/2/2016
Total Result

Inventory

Description
Inventory
Inventory
Inventory
Purchasing of Inventory
Inventory
Inventory
Inventory
Inventory
Inventory
Inventory Costs
Inventory
Inventory
Inventory Waste
Company Inventory
Inventory
Inventory Waste
Inventory
Inventory Waste
Inventory
Inventory Waste
Inventory
Inventory Waste

Data
Sum - Debit Sum - Credit
58.66
45.28
31.94
1,479.47
33.16
102.44
23.81
78.24
77.66
144.13
117.12
152.26
10.48
3.17
104.86
8.71
7.37
2.98
124.04
10.42
78.72
11.84
1,626.77
1,079.99

Instructions:
1.)
2.)
3.)
4.)

Sum - Net
-58.66
-45.28
-31.94
1479.47
-33.16
-102.44
-23.81
-78.24
-77.66
144.13
-117.12
-152.26
-10.48
3.17
-104.86
-8.71
-7.37
-2.98
-124.04
-10.42
-78.72
-11.84
546.78

Refresh the Pivot Table by right clicking on it and selecting Refresh.

Select the desired accounting period(s).
Select account(s).
Change the Pivot Table and create whatever report you need.

ting Refresh.

u need.

Bank Statement Downloaded

Week 1

JE#
17
22
30
30
30
30
105
37
37
37
33
43
43
43
43
43
43
43
43
43
43
43
43

46
46
55

Trans Date

Source

Reference

5/13/2016
5/16/2016
5/17/2016
5/17/2016
5/17/2016
5/17/2016
5/17/2016
5/18/2016
5/18/2016
5/18/2016
5/18/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/19/2016
5/20/2016
5/20/2016
5/20/2016
5/20/2016
5/20/2016
5/20/2016
5/20/2016
5/21/2016
5/21/2016
5/23/2016

Press
CN IBD
CN IBD
CN IBD
CN IBD
CN JHE
CN TTB
CN IBD
CN IBD
CN IBD
Press
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN JHE
CN JHE
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD

112463
1482894
1483921
1483944
1484061
1484477
1483656
1485069
1485194
1485323
112589
1486605
1486641
1486647
1487387
1487802
1487813
1487889
1487954
1487961
1488074
1488091
1487429
1491482
1488303
1488318
1488374
1488440
1488462
1488472
1488703
1488722
1489709

Description
IBC - LaBelle Business Cards
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
Cash Box-IBC Group D
IBCD1
IBCD1
IBCD1
IBC D- La Belle 8.5x11 Posters
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBC D Sales Tax Remittance
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1

55
55
55
55
55
55
101
58
58
58
58
58
58
58
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
54
34
53
63
64
103

5/23/2016
5/23/2016
5/23/2016
5/23/2016
5/23/2016
5/23/2016
5/23/2016
5/24/2016
5/24/2016
5/24/2016
5/24/2016
5/24/2016
5/24/2016
5/24/2016
5/24/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/25/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016

CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN JHE
CN JHE
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN JHE
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN JHE
JE 140
JE 140
JE 140
Press
Press
CN JHE
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD

1489727
1489727
1489727
1490100
1490131
1490150
1491638
1491536
1490963
1490984
1491021
1491183
1491237
1491242
1491373
1492951
1492377
1492412
1492412
1492444
1492488
1492514
1492580
1492730
1492823
1492826
1492862
1492867
1492871
1492887
1492947
Chris A
Chris A
Chris A
112846
112848
1494384
1493743
1493788
1493858
1493875
1493932
1494010

IBCD4
IBCD4
IBCD4
IBCD1
IBCD2
IBCD1
IBCD1
IBC D Sales Tax Remittance
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
IBC D Sales Tax Remittance
IBCD1
IBCD1
IBCD1
IBCD4
IBCD1
IBCD1
IBCD1
IBCD4
IBCD4
IBCD1
IBCD4
IBCD4
IBCD1
IBCD4
IBCD4
Research & Dev-IBC Co D
Marketing - IBC Co D
Marketing - IBC Co D
IBC D- La Belle 11x17 Posters
IBC D- La Belle 17x11 Yard Signs
IBC D Sales Tax Remittance
IBCD1
IBCD1
IBCD1
IBCD1
IBCD4
IBCD1

74
74
74
74
74
74
74
74
74
74
74
74
81
71
73
89
91
87
88

5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/26/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/27/2016
5/31/2016
5/31/2016
5/31/2016
5/31/2016
5/31/2016
5/31/2016
5/31/2016

CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
JE 145
CN JHE
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
CN IBD
JE 183
JE 183
JE 183
JE 183
JE 183
JE 183

1494031
1494123
1494181
1494189
1494232
1494247
1494261
1494265
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A
1495754
1495158
1495235
1495379
1495422
1495650
1495653
1495664
1495671
1495870
1495892
1495905
1496084
1497447
Chris A
Chris A
Chris A
Chris A
Chris A
Chris A

IBCD1
IBCD1
IBCD4
IBCD4
IBCD1
IBCD1
IBCD1
IBCD1
Supplies- IBC Co D
Supplies- IBC Co D
Tools for Operations - IBC Co D
Inventory-IBC Co D
marketing - IBC Co D
Co Surveys- IBC Co D
Co Surveys- IBC Co D
Co Surveys- IBC Co D
Loan Committee Packets-IBC Co
Marketing-IBC Co D
Marketing-IBC Co D
Marketing-IBC Co D
Packaging Supplies-IBC Co D
Co Gathering-IBC Co D
IBC D Sales Tax Remittance
IBCD4
IBCD1
IBCD1
IBCD1
IBCD4
IBCD1
IBCD4
IBCD4
IBCD1
IBCD1
IBCD1
IBCD1
IBCD1
Inventory - IBC Co D
Marketing - IBC Co D
Farmer's Market Cost- IBC Co D
Farmer's Market Cost- IBC Co D
Marketing- IBC Co D
Marketing- IBC Co D

Uncleared Items - Le Belle

May-16
Jun-16
Jul-16
Aug-16
Total
Bank Balance--->
Amount
22.57
21.90
28.50
41.80
23.40
23.40
50.00
17.25
27.00
22.10
16.78
28.90
28.90
27.20
28.50
26.00
23.40
18.00
32.00
28.50
27.00
20.70
28.50
5.17
18.00
24.30
26.00
32.40
27.00
6.00
23.40
26.10
29.00

DR/CR

1,696.57

1,696.57
1,696.57

GL Account

Inventory

Date
5/16/2016
5/17/2016
5/18/2016

JE#
24
32
36
39
42
45
48
57
60
62
67
70
71

Net

CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR

CR
CR
CR
CR
CR
CR
CR
CR
CR

(22.57)
21.90
28.50
41.80
23.40
23.40
(50.00)
17.25
27.00
22.10
(16.78)
28.90
28.90
27.20
28.50
26.00
23.40
18.00
32.00
28.50
27.00
20.70
(28.50)
(5.17)
18.00
24.30
26.00
32.40
27.00
6.00
23.40
26.10
29.00

5/19/2016
5/20/2016
5/21/2016
5/23/2016
5/24/2016
5/25/2016
5/26/2016

5/27/2016
5/31/2016
6/1/2016
6/2/2016
Total Result

75
76
83
84
95
96
99
100

26.00
6.00
3.00
16.00
12.00
26.00
47.00
12.28
25.20
57.00
34.00
23.80
28.80
22.10
26.00
19.63
26.00
26.00
26.00
28.00
23.00
20.70
20.00
31.00
38.00
36.10
23.00
23.00
23.00
26.01
23.00
19.57
5.30
12.50
34.50
102.00
28.09
23.00
26.00
19.50
60.00
23.00
18.00

CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR

CR
CR
CR
CR
CR
CR

26.00
6.00
3.00
16.00
12.00
26.00
47.00
(12.28)
25.20
57.00
34.00
23.80
28.80
22.10
26.00
(19.63)
26.00
26.00
26.00
28.00
23.00
20.70
20.00
31.00
38.00
36.10
23.00
23.00
23.00
26.01
(23.00)
(19.57)
(5.30)
(12.50)
(34.50)
(102.00)
(28.09)
23.00
26.00
19.50
60.00
23.00
18.00

31.00
30.00
17.25
43.50
46.00
34.00
26.00
99.00
7.42
4.23
1.68
22.03
4.00
5.73
3.82
5.73
24.54
5.27
9.84
26.50
8.45
7.92
11.78
9.00
28.00
32.00
28.00
23.00
24.00
25.20
39.00
72.00
28.00
28.00
24.00
26.00
3.17
21.00
6.00
8.60
13.76
33.88

CR
CR
CR
CR
CR
CR
CR
CR

CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR
CR

31.00
30.00
17.25
43.50
46.00
34.00
26.00
99.00
(7.42)
(4.23)
(1.68)
(22.03)
(4.00)
(5.73)
(3.82)
(5.73)
(24.54)
(5.27)
(9.84)
(26.50)
(8.45)
(7.92)
(11.78)
9.00
28.00
32.00
28.00
23.00
24.00
25.20
39.00
72.00
28.00
28.00
24.00
26.00
(3.17)
(21.00)
(6.00)
(8.60)
(13.76)
(33.88)

- Le Belle

Bank Reconciliation - Le Be

CONGRATULATIONS I
RECONCILED
Description
Sum - Net
Inventory
Inventory
Purchasing of In
Inventory
Inventory
Inventory
Inventory
Inventory
Inventory
Inventory Costs
Inventory
Inventory
Inventory Wast
Company Invent
Inventory
Inventory Wast
Inventory
Inventory Wast
Inventory
Inventory Wast
Inventory
Inventory Wast

-58.66
-45.28
1479.47
-31.94
-33.16
-102.44
-23.81
-78.24
-77.66
144.13
-117.12
-152.26
-10.48
3.17
-104.86
-8.71
-7.37
-2.98
-124.04
-10.42
-78.72
-11.84
546.78

Bank Balance
Incorrect Transactions hitting the ba
Trans Date
Source
2/10/2016 JE 027
2/10/2016 JE 027

Adjusted Bank Balance

Uncleared Transactions
(i.e. deposits in transit and outstand
Calculated Book Balance
Actual Book Balance
Difference

Ending Balance Last Week

Cleared Transactions This Week

iliation - Le Belle

Instructions:

The first step in "closing your b

For clarification purposes:

- this spreadsheet is called your
- the byui.edu/glreports informa
- Please note that debits and cr

ATULATIONS IT APPEARS YOU SUCCESFULLY

RECONCILED THE BANK STATEMENT

Bank Download instructions

1. Login to byui gl reports by g
Financial Reporting".
1,696.57
2. Select your IBC Company.
tions hitting the bank statement - INSTRUCTIONS NEED TO BE DEVELOPED FOR THIS PART. WHAT IS IT
3. Navigate to the correct mon
Reference Description
Amount
DR/CR
Net
previous weeks).
Chris A
R & D IBC C
14.10
(14.10)
4. Drill down on each of the hy
number only).
Chris A
R & D - IBC
13.04
(13.04)
5. Copy and paste special valu
-

ansit and outstanding checks)

ast Week
ons This Week

Total

(27.14)
1,723.71
546.78
2,243.35

2,243.35

Bank Reconciliation Instructions

1. Refresh Pivot Table.
2. Change the Pivot Table "Wee
3. Create a new window of this
worksheet on one screen and th
4. Review the Bank statement
cleared on the bank statement
5. If you have cleared everythi
Balance Sheet. Look for "True"
6. Once your bank reconciliatio
7. Then make a duplicate copy
backup purposes only and unle
have a spreadsheet for every si

2,000.00
(706.30)
Harrell, Dave:
DAVE - CONDITIONALLY
FORMAT THIS. THEN
DELETE THIS MSG.

Instructions:

The first step in "closing your books" and producing accurate financial statements is to reconcile your bank acco

For clarification purposes:

- this spreadsheet is called your "books"
- the byui.edu/glreports information is called the "bank" or the "bank statement".
- Please note that debits and credits for bank statements are frequently the opposite of accounting debits and c

Bank Download instructions

1. Login to byui gl reports by going to http://www.byui.edu/financial-services/financial-stewardship. (this textbox
Financial Reporting".
2. Select your IBC Company.
D FOR THIS PART. WHAT IS IT AND WHAT TO DO WITH IT.
3. Navigate to the correct month and ensure previously downloaded transactions haven't changed on byui gl re
previous weeks).
4. Drill down on each of the hyperlinked numbers (there could be up to six numbers. (In the future this will be r
number only).
5. Copy and paste special values into the section to the right in cells XX at the bottom of the list.

Bank Reconciliation Instructions

1. Refresh Pivot Table.
2. Change the Pivot Table "Week Cleared" field, so that it shows only "blank" items.
3. Create a new window of this same spreadsheet (Select "View" and then select "New Window") and split your
worksheet on one screen and this Bank Recon worksheet on another screen.
4. Review the Bank statement downloaded items on this sheet and once you find the exact transaction on your
cleared on the bank statement in the "week cleared" field on the "General Journal" worksheet.
5. If you have cleared everything correctly, the bank balance amount added together with the "uncleared Items
Balance Sheet. Look for "True" to appear.
6. Once your bank reconciliation is complete. Exit out of one of the "new windows" and save the spreadsheet.
7. Then make a duplicate copy of this spreadsheet and call it as (for example) "Shellac Shack Books - Bank Rec
backup purposes only and unless there are reconciliation problems in the future, you will not need to open or us
have a spreadsheet for every single bank reconciliation.

o reconcile your bank account. This worksheet helps to do this.

of accounting debits and credits.

-stewardship. (this textbox is a hyperlink). Then select "General Ledger

en't changed on byui gl reports. (you can check the bank balance for
(In the future this will be re-designed so you can drill down on one

m of the list.

w Window") and split your screen so you can see the "General Journal"

exact transaction on your books, then enter the week # that the week
rksheet.
with the "uncleared Items" should tie out to your cash balance on your

nd save the spreadsheet.

ac Shack Books - Bank Recon Week 3". This new spreadsheet is for
will not need to open or use it. By the end of the semester, you will

THIS PAGE INTENTIONALL

TIONALLY LEFT BLANK

Sales-COGS Detail - Le Belle

TOTALS
Row Labels

$
Sum of
Quantity

Sum of Gross
Sales

Sum of
Discounts

Sum of Net
Sales

COGS/unit

GL Account

Cleared

Debit

Credit

Total COGS
-

Journal Entry to Make

Description

Other

Record Sales and COGS

Record Sales and COGS - Cash
Record Sales and COGS - CC
Record Sales and COGS
Record Sales and COGS

Revenue
Cash
Cash
COGS
Inventory

Note: Cash needs

Depreciation - Le Belle

1.00

Start Week

Description

Cost

Useful Life
(in weeks)

Week 1

Week 2

Week 3

Week 4

Week 5

Week 6

Week 7

Week 8

Week 9

1 Booth

56.25

Depreciation per period

6.25

6.25

6.25

6.25

6.25

6.25

6.25

6.25

6.25

6.25

Total
56.25

Check
-

1 State Stamp Set

245.00

27.23

27.23

27.23

27.23

27.23

27.23

27.23

27.23

27.23

27.16

245.00

3.23

3.23

3.23

3.23

3.23

3.23

3.23

3.23

3.16

29.00

1 Mallet

29.00

3.23

1 Plier set

36.99

4.11

4.11

4.11

4.11

4.11

4.11

4.11

4.11

4.11

4.11

36.99

1 Steel stamp block

16.95

1.89

1.89

1.89

1.89

1.89

1.89

1.89

1.89

1.89

1.83

16.95

2 Indian Mountain Stamp, Bike Stamp, Love size Stamp, Tree of Life Stamp

110.55

13.82

13.82

13.82

13.82

13.82

13.82

13.82

13.82

13.81

110.55

Total

42.71

56.53

56.53

56.53

56.53

56.53

56.53

56.53

56.32

494.74

Accumulated Depreciation

42.71

99.24

155.77

212.30

268.83

325.36

381.89

438.42

494.74

989.48

Journal Entry to Make

Description

Record Depreciation
Record Depreciation

Other

GL Account

Depreciation Expense
Accum. Depreciation

Cleared

Debit

Credit

Inventory Backup - Le Belle

Physical Inventory at end of

TOTALS
Product

Unit

Cost

Week End
Physical Count

Week 1

Inventory
Value
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
-

Marketing
Expense

Week1
How many

Price

Week 2
Total

How many

Price

Total

Fliers
Posters

50
20

$0.53
$0.60

$26.50
$12.00

84
30

$0.25
$1.15

$21.00
$34.50

Lawn Signs
Booth
T-Shirts

10
1
13

$8.50
$57.75
$15.75

$85.00
$57.75
$204.75

12
0
0

$8.50
$0.00
$0.00

$102.00
$0.00
$0.00

1
1
1
1

$4.00
$24.54
$5.30
$24.76

$4.00
$24.54
$5.30
$24.76
$414.54

0
0
0
0

$0.00
$0.00
$0.00
$0.00

$0.00
$0.00
$0.00
$0.00
$157.50

Graphic Artist
Packets
Catalog
surveys
Total

Week 3
How many

Price

Total
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

Troubleshooting - Le Belle
BALANCE SHEET
BS/IS

- all -

BALANCE SHEET
GL Account
Sum - Net
AMOUNT
(empty)
0.00
1,471.28
Cash
2060.21
782.15
Inventory
546.78
2,430.00
COGS
1035.56
533.28
Long-Term Debt
-2430.00
878.64
Marketing Expense
612.21
(99.24)
Supplies Expense
245.83
292.50
R&D Expense
28.75
48.60
Equipment
533.28
50.00
Revenue
-2798.71
(40.37)
Salaries & Wages
878.64
Wages Payable
-878.64
Depreciation Expense
99.24
Accum. Depreciation
-99.24
Income Tax Payable
-292.50
Income Tax Expense
292.50
Interest Payable
-48.60
Interest Expense
48.60
Other Assets
50.00
Inventory Waste & Shrinkag
44.43
Sales Tax Payable
40.37
Other Expense
31.29
Total Result
0.00

Difference
(588.93)
782.15
2,430.00
533.28
878.64
(99.24)
292.50
48.60
50.00
(40.37)
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
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#VALUE!
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#VALUE!

INCOME STATEMENT
BS/IS

- all -

GL Account
Sum - Net
(empty)
0.00
Cash
2060.21
Inventory
546.78
COGS
1035.56
Long-Term Debt
-2430.00
Marketing Expense
612.21
Supplies Expense
245.83
R&D Expense
28.75
Equipment
533.28
Revenue
-2798.71
Salaries & Wages
878.64
Wages Payable
-878.64
Depreciation Expense
99.24
Accum. Depreciation
-99.24
Income Tax Payable
-292.50
Income Tax Expense
292.50
Interest Payable
-48.60
Interest Expense
48.60
Other Assets
50.00
Inventory Waste & Shrinkag
44.43
Sales Tax Payable
40.37
Other Expense
31.29
Total Result
0.00

INCOME
STATEMENT
AMOUNT
1,035.56
612.21
245.83
28.75
2,798.71
878.64
99.24
(292.50)
(48.60)
44.43
31.29

Difference
5,597.42
(585.00)
(97.20)
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
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#VALUE!
#VALUE!
#VALUE!
#VALUE!

Instructions:
1.) Refresh the Pivot Tables by right
clicking on it and selecting Refresh.
2.) Select BS or IS
3.) Review for differences.