OverviewIn previous modules, you examined the initial stages of the accounting cycle and practiced

OverviewIn previous modules, you examined the initial stages of the accounting cycle and practiced journalizing financial transactions. In Milestone One, you will complete the first part of your course project to demonstrate your ability to accurately record financial data, which will continue to be used to complete other parts of the project.
ScenarioYou are a certified public accountant (CPA) who is working with a small 
bakery to prepare their financial statements for three months of the current 
fiscal year. Because the company is a startup and so small, the accounting
 is done manually in Microsoft Excel. You have been given the accounts and information you need to prepare their financial statements, but you will need to use the accounting cycle to report accurate information to the finance 
department.
PromptRecord Financial Data: Use accepted accounting principles to accurately 
capture business transactions for October, November, and December in 
the Company Accounting Workbook Template Spreadsheet using the data 
provided in the Accounting Data Appendix Word Document.
Specifically, you must address the following rubric criteria:
Accuracy: Prepare entries that are accurate in that they fully reflect 
the appropriate information.
Completeness: Prepare entries that are complete for each month,
 including transferring posted entries to T accounts.
Inventory Valuation: Prepare entries for the month of December to 
reflect the new line of products offered by the company, which 
includes 
using the entries from the “Inventory Valuation” tab to complete your 
journal for the month of December.
Guidelines for SubmissionUsing the provided template, submit your 
company accounting workbook with the following portions completed: 
October, November, and December journal entries; the “T Accounts” tab; 
and the “Inventory Valuation” tab. This should be completed and submitted using Microsoft Excel. Please note that there are drop-down menus 
embedded in the “Accounts” columns as well as formulas throughout the 
spreadsheet to help you complete the workbook without accidentally 
introducing errors.