Accounting Cycle Problem For A Sole Proprietorship Using Excel

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This course is designed for those interested to learn the basics of accounting cycle problem using preformatted Excel worksheets to enter normal financial transaction for a month of operations, recording debits and credits, or journalizing the financial transactions in the general journal, so that we can jump forward or go back and rework any component of the comprehensive problem.

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About This CourseBeginner

This course covers full accounting cycle comprehensive proprietorship problem where we will enter journal entries into the general journal related to setting up a proprietorship and to the first month of operations. 

  • Enter accounting transaction
  • Enter journal entries into a general journal
  • Post journal entries to the general ledger
  • Create a trial balance from a general ledger
  • Enter adjusting entries
  • Create an adjusted trial balance
  • Create financial statements from the trial balance
  • Build a balance sheet
  • Build an income statement
  • Build a statement of owners’ equity
  • Navigate an Excel worksheet
  • Enter standard Excel formulas

We will enter the normal financial transaction for a month of operations, recording debits and credits, or journalizing the financial transactions in the general journal. We will perform these tasks using preformatted Excel worksheets. Even though this is a comprehensive problem, each new step will have a new Excel worksheet so that we can jump forward or go back and rework any component of the comprehensive problem.

Each new step in the process will include an Excel worksheet with at least two tabs, one demonstrating the completed task, and one with a preformatted worksheets to complete the task in a step by step format with instructional videos. Once we have journalized the journal entries, we will post them to the general ledger and then create a trial balance from the general ledger.

After completing the accounting transactions for the month, we will enter adjusting journal entries for the month, using an adjusting entry worksheet, the result being an adjusted trial balance. We will use the adjusted trial balance to create the financial statements, to create the balance sheet, income statement, and statement of owners’ equity.

Finally, we will enter the closing entries to prepare for the next accounting period, the next month of operations.

Our Promise to You

By the end of this course, you will have learned the accounting cycle for a sole proprietorship with the use of Excel.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked. 

Get started today and learn more about the accounting cycle problem using Excel.

Course Curriculum

Course Sections

Excel Sole Proprietorship Accounting Cycle Problem Overview

Downloadable Materials – Accounting Cycle Problem For A Sole Proprietorship Using Excel

Introduction

Stock Purchase

Equipment Purchase

Supplies Purchase

Revenue On Account

Customer Payment Unearned Revenue

Purchase Insurance

Unhide and Hide Pains

Pay Vendor One Account

Receive Cash On Account

Revenue For Cash

Pay Expenses

Draws

Insurance

Supplies

Depreciation

Wages

Assets

Liability And Equity

Equity

Net Income

Statement Of Equity

Closing Entry One

Closing Entry Two

Closing Entry Three

Closing Entry Four

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