After you have completed preparing all the financial statements, analyze the statements and write a short report summarizing your findings. Use the template provided in the What to Submit section to complete your report.

4. Summary: Write a summary of what the financial statements indicate about the companys financial health and performance.
   1. Purpose: What kind of information would these financial statements provide to various aspects of the business?
   2. Analysis: What is the companys cash position, its net income as a percentage of sales, and its current liabilities to current assets position?

AutoSave OF AA Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibrl (Body) v 11 ~ Al A 5 Wrap Text General X G 27. O. 0 v Delete v Paste Av BIU = = = Merge & Center Conditional Format Cell Formatting es Table Styles Sensitivity # Format Sort & & Filter Find & Select Analyze Data V A19 fs Common Stock B c D E F G H T IL M N O P S U V 1 2 A Company A Post-Closing Trial Balance Qtr. Ending 12/31/20xx 3 4 Unadjusted Trial Balance Debit Credit 51,436.75 1,200.00 175.65 1,500.00 1,000.00 5,000.00 200.33 5 Account 6 Cash 7 Baking Supplies & Merchandise inventory 9 Prepaid Rent 10 Prepaid Insurance 11 Baking Lquipment 12 Accumulated Depreciation 13 Omice Supplies 14 accounts Receivable 15 Accounts Payable 16 Wagos Payabla 17 Interest Payable 18 Notes Payable 19 Common Stock 20 Retained Larning 50.00 9,700.00 7,000.00 483.00 190.00 10,000.00 30,000.00 22,124.07 21 22 Total 69,962.40 69,754.07 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Inventory Valuation Trial Balance Adjusting Entries Income Statement Statement of Stockholder Equity Balance Sheet Closing Entries Post-Closing Trial Balance + + 100% AutoSave OF AA Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibri (body) v 11 ~ Al A Wrap Text General X G 27. O. 0 v Delete v Paste BIU Av = = = Merge & Center Y $ Sensitivity v Y Conditional Format Cell Formatting es Table Styles # Format Sort & & Filter Find & Select Analyze Data V E29 fx B C E F G . I 2 K L M N O Q R S T U V 1 A Company Closing Entries Qtr ending 12/31/20xx 5 Credit 7 6 Date Accounts 31-Ded Bakery Sales Merchandise Sales 9 Hetainer Larnings Debit 60,000.00 221.00 8 60,221.00 10 11 35.621.00 12 19.400.0 4,500.00 13 14 31 Occ Retaired Earnings Baking Supplies Lxpense Rent per Wazcs Expense Office Supplies Exper se Business license Force Office Expense 480.00 15 550.00 16 375.00 17 202.33 18 Depreciation Lxpense 200.00 200 an 19 20 150.00 Insurance Expense Advertising Expense Interest Los Telephone Expense 21 150.00 22 250.00 23 COGS 157.50 24 25 31-Dec Retaired Farnings 10,000.00 26 Dividends 10,000.00 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 T-Accounts - autofill Inventory Valuation Trial Balance Adjusting Entries Income Statement Statement of Stockholder Equity Balance Sheet + Closing Entries Post-Closing Trial Balang ,, + 100% AutoSave OF AAP2 Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibrl (Body) v 11 ~ Al A Wrap Text Accounting X G 0 0 v Delete v Paste BIU B = = = ~ Ar Merge & Center Y $ % ) Sensitivity Conditional Format Cell Formatting es Table Styles Format v Sort & Filter Find & Select Analyze Data V B25 fx B D E F G H T T L M N 0 P Q R S u 2 A Company Income Statement For Qtr. Ending 12/31/20XX 3 4 5 80,000.00 221.00 Revenues e Bakery Siles 7 Merchandise Sales 8 Total Revenues 9 cast of Goods Sold 10 Gross Profit 60,221.00 157.60 60,063.40 11 19,400.00 4,500.00 1,956.00 550.00 375.00 12 Operating Expenses: 13 Baking Supplies Expanse 14 Hent Lxpense 15 Wages Papers 16 Office Supplies Expense 17 Business License Expense 18 Depreciation Expense 19 Insurance Expense 20 Advertising Expense 21 Tophane Fepense 22 Interest Expense 23 Misc. Lxpense 200.3.3 200.00 200.00 150.00 150.00 250.00 24 25 26 27 22 29 30 Total Operating Expenses 27,939.33 31 32 Net Income 32,124.07 33 34 35 36 37 38 39 40 41 42 November Journal Entries December Joumal Entries T-Accounts - autofill Inventory Valuation Trial Balance Adjusting Entries Income Statement + Statement of Stockholder Equity | Bal + 100% AutoSave OF AA Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibrl (Body) v 11 ~ Al A 5 Wrap Text General X G 27. O. 0 v Delete v Paste Av BIU = = = Merge & Center Conditional Format Cell Formatting es Table Styles Sensitivity # Format Sort & & Filter Find & Select Analyze Data V A19 fs Common Stock B c D E F G H T IL M N O P S U V 1 2 A Company A Post-Closing Trial Balance Qtr. Ending 12/31/20xx 3 4 Unadjusted Trial Balance Debit Credit 51,436.75 1,200.00 175.65 1,500.00 1,000.00 5,000.00 200.33 5 Account 6 Cash 7 Baking Supplies & Merchandise inventory 9 Prepaid Rent 10 Prepaid Insurance 11 Baking Lquipment 12 Accumulated Depreciation 13 Omice Supplies 14 accounts Receivable 15 Accounts Payable 16 Wagos Payabla 17 Interest Payable 18 Notes Payable 19 Common Stock 20 Retained Larning 50.00 9,700.00 7,000.00 483.00 190.00 10,000.00 30,000.00 22,124.07 21 22 Total 69,962.40 69,754.07 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Inventory Valuation Trial Balance Adjusting Entries Income Statement Statement of Stockholder Equity Balance Sheet Closing Entries Post-Closing Trial Balance + + 100% AutoSave OF AA Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibri (body) v 11 ~ Al A Wrap Text General X G 27. O. 0 v Delete v Paste BIU Av = = = Merge & Center Y $ Sensitivity v Y Conditional Format Cell Formatting es Table Styles # Format Sort & & Filter Find & Select Analyze Data V E29 fx B C E F G . I 2 K L M N O Q R S T U V 1 A Company Closing Entries Qtr ending 12/31/20xx 5 Credit 7 6 Date Accounts 31-Ded Bakery Sales Merchandise Sales 9 Hetainer Larnings Debit 60,000.00 221.00 8 60,221.00 10 11 35.621.00 12 19.400.0 4,500.00 13 14 31 Occ Retaired Earnings Baking Supplies Lxpense Rent per Wazcs Expense Office Supplies Exper se Business license Force Office Expense 480.00 15 550.00 16 375.00 17 202.33 18 Depreciation Lxpense 200.00 200 an 19 20 150.00 Insurance Expense Advertising Expense Interest Los Telephone Expense 21 150.00 22 250.00 23 COGS 157.50 24 25 31-Dec Retaired Farnings 10,000.00 26 Dividends 10,000.00 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 T-Accounts - autofill Inventory Valuation Trial Balance Adjusting Entries Income Statement Statement of Stockholder Equity Balance Sheet + Closing Entries Post-Closing Trial Balang ,, + 100% AutoSave OF AAP2 Accounting workbook Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Insert v Calibrl (Body) v 11 ~ Al A Wrap Text Accounting X G 0 0 v Delete v Paste BIU B = = = ~ Ar Merge & Center Y $ % ) Sensitivity Conditional Format Cell Formatting es Table Styles Format v Sort & Filter Find & Select Analyze Data V B25 fx B D E F G H T T L M N 0 P Q R S u 2 A Company Income Statement For Qtr. Ending 12/31/20XX 3 4 5 80,000.00 221.00 Revenues e Bakery Siles 7 Merchandise Sales 8 Total Revenues 9 cast of Goods Sold 10 Gross Profit 60,221.00 157.60 60,063.40 11 19,400.00 4,500.00 1,956.00 550.00 375.00 12 Operating Expenses: 13 Baking Supplies Expanse 14 Hent Lxpense 15 Wages Papers 16 Office Supplies Expense 17 Business License Expense 18 Depreciation Expense 19 Insurance Expense 20 Advertising Expense 21 Tophane Fepense 22 Interest Expense 23 Misc. Lxpense 200.3.3 200.00 200.00 150.00 150.00 250.00 24 25 26 27 22 29 30 Total Operating Expenses 27,939.33 31 32 Net Income 32,124.07 33 34 35 36 37 38 39 40 41 42 November Journal Entries December Joumal Entries T-Accounts - autofill Inventory Valuation Trial Balance Adjusting Entries Income Statement + Statement of Stockholder Equity | Bal + 100%