I need to write an Accounting Cycle Report and I have no clue what to write, these are my #:

	Unadjusted trial balance		Adjusting entries		Adjusted trial balance
Account	Debit	Credit	Debit	Credit	Debit	Credit
Cash	47,896.75				47,896.75
Baking Supplies	20,500.00			19,400.00	1,100.00
Merchandise Inventory	175.63				175.63
Prepaid Rent	1,500.00				1,500.00
Prepaid Insurance	1,200.00			200.00	1,000.00
Baking Equipment	5,000.00				5,000.00
Misc. Supplies	600.00			550.00	50.00
Accounts Receivable	10,300.00				10,300.00
Notes Payable		10,000.00				10,000.00
Accounts Payable		7,000.00				7,000.00
Wages Payable		480.00				480.00
Common Stock		20,000.00				20,000.00
Dividends	3,000.00				3,000.00
Bakery Sales		60,000.00				60,000.00
Merchandise Sales		221.00				221.00
Baking Supplies Expense			19,400.00		19,400.00
Rent Expense	4,500.00				4,500.00
Insurance Expense			200.00		200.00
Misc. Expense	250.00				250.00
Business License Expense	375.00				375.00
Advertising Expense	200.00				200.00
Wages Expense	1,956.00				1,956.00
Telephone Expense	90.00				90.00
COGS	157.62				157.62
Depreciation Expense			208.33		208.33
Accumulated Depreciation				208.33		208.33
Misc Supplies Expense*			550.00		550.00
Interest Expense*			150.00		150.00
Interest Payable*				150.00		150.00
	97,701.00	97,701.00	20,508.33	20,508.33	98,059.33	98,059.33

Adjusting entries

Accounts	Debit	Credit
Depreciation Expense	208.33
accumulated depreciation		208.33
(5000/60 x 2.5)
Interest Expense	150.00
Interset Payable		150.00
(10,000 x 6% x 3/12)
Insurance Expense	200.00
Prepaid Insurance		200.00
(100 x 2)
Baking Supply Expenses	19,400.00
Baking Supplies		19,400.00
(8500 +7000 +5000 -1100)
Misc. Supply Expense	550.00
Misc. Supplies		550.00
(300 +300 -50)

Income Statement
Revenue
Bakery Sales		60,000.00
Merchandise Sales		221.00
Expenses
Cost of Goods Sold		157.6
License Expenses		375.00
Telephone Expenses		90.00
Wages Expenses		1,956.00
Rent Expenses		4,500.00
Misc. Expenses		250.00
Baking Supplies Expenses		19,400.00
Insurance Expenses		200.00
Depreciation Expenses		208.33
Misc. Supplies Expenses		550.00
Selling Expenses
Adverrtising Expenses		200.00
Interest expense		150.00
Total		28,036.93
Net Income		32,184.07

				Balance Sheet
Assets					Liabilities and Owners' Equity
	Current Assets					Common Stock	$20,000.00
	Cash		$48,009.00			Retained earnings	$29,184.07
	Baking Supplies		$1,100.00
	Prepaid Insurance Expense		$1,000.00			Notes Payable	$10,000.00
	Accounts Recievable		$10,521.00			Wages payable	$480.00
	Prepaid Rent		$1,500.00			Interest payable	$150.00
	Misc. Supplies		$50.00			Accounts Payable	7000
	Merchandise Inventory		$175.65
	Total		$62,355.65
						Total	$66,814.07
	Baking Equipment	$5,000.00
	Accumulated Depreciation	-$208.33	$4,791.67
	Total Assests		$67,147.32

	Closing Entries
Date	Accounts	Debit	Credit
	Income Summary	28036.93
	Cost of goods sold		157.60
	Rent Expense		4,500.00
	Insurance Expense		200.00
	Misc Expenses		250.00
	Business License Expense		375.00
	Wages Expense		1,956.00
	Telephone expense		90.00
	Depreciation expense		208.33
	Misc. Supplies Expense		550.00
	Baking Supplies expense		19,400.00
	Advertising expenses		200.00
	Interest expense		150.00
	Bakery Sales	60,000.00
	Merchandise Sales	221.00
	Income Summary		60,221.00
	Income summary	32,184.07
	Retained earnings		32,184.07
	Retained earnings	3,000.00
	Dividends payable		3000

Post Closing Trial Balance	Unadjusted Trial Balance
Account	Debit	Credit
Common Stock		20000
Retained Earnings		29184.07
Notes Payable		10000
Wages Payable		480
Accounts Payable		7000
Interest Payable		150
Accumulated Depreciation	-208.33
Baking Equipment	5000
Cash	47896.75
Baking Supplies	1100
Merchandise Inventory	175.65
Prepaid Rent	1500
Prepaid Insurance	1000
Misc. Supplies	50
Accounts Recievable	10300
Total	66814.07	66814.07

The instructions are:

Introduction (delete this heading in your final paper) In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the accounting cycle in keeping with the key terms of steps, role, omission, and finally financial statements, as explained in your rubric instructions. Three or four sentences are sufficient. Paragraph One (delete this heading in your final paper) Using content from your accounting cycle workbook submitted in Final Project Part I and from your readings in Chapter 4 of the textbook, identify the steps of the accounting cycle. Provide a description of each step. Also, discuss what role each step plays in the success of a business. Paragraph Two (delete this heading in your final paper) Describe how the omission of a step could impact the success of a business. What strategies could be used to avoid this? Include in your discussion the omission of at least three different steps. A minimum of five to six sentences is required to support your thoughts. Focus your thinking around the role of each step, as discussed in the previous paragraph, and how its omission will impact the success of a business. Paragraph Three (delete this heading in your final paper) Identify and describe the major financial statements that come out of the accounting cycle. Why are they important? A minimum of five to six sentences is required to support your thoughts. Be specific in your answer and use examples to support your thoughts. Conclusion (delete this heading in your final paper) The conclusion reminds the reader what your paper is about and allows you to make a final point without introducing new information. Three or four sentences are sufficient. Thanks in advance