About This Course

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

Section 1 - Introduction
Excel Sole Proprietorship Accounting Cycle Problem Overview 00:00:00
Downloadable Materials – Accounting Cycle Problem For A Sole Proprietorship Using Excel 00:00:00
Section 2 - Financial Transactions
Introduction 00:00:00
Stock Purchase 00:00:00
Equipment Purchase 00:00:00
Supplies Purchase 00:00:00
Revenue On Account 00:00:00
Customer Payment Unearned Revenue 00:00:00
Purchase Insurance 00:00:00
Unhide and Hide Pains 00:00:00
Pay Vendor One Account 00:00:00
Receive Cash On Account 00:00:00
Revenue For Cash 00:00:00
Pay Expenses 00:00:00
Draws 00:00:00
Section 3 - Adjusting Entries
Insurance 00:00:00
Supplies 00:00:00
Depreciation 00:00:00
Wages 00:00:00
Section 4 - Financial Statements
Assets 00:00:00
Liability And Equity 00:00:00
Equity 00:00:00
Net Income 00:00:00
Statement Of Equity 00:00:00
Section 5 - Closing Entries
Closing Entry One 00:00:00
Closing Entry Two 00:00:00
Closing Entry Three 00:00:00
Closing Entry Four 00:00:00
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