The Business

This practice set is designed to be five parts. In the first part, the student will complete the journal

entries by writing the journal entries for "Bella's Balloon Bouquet, Inc." in a template and then entering

the entries into Blackboard. For part two, the student will write the adjusting journal entries in a

template and then enter them into Blackboard. For part three, students will enter all journal entries into

the corresponding T$-$Accounts and prepare the ending balances for each account and then enter the

balances into Blackboard. In the fourth part, the student will complete a bank reconciliation using the

bank statement in the practice set and will then record the bank's reconciling cash journal entries. The

answers to the bank reconciliation will be entered into Blackboard along with any journal entries written

on behalf of the company. Part five consists of the student completing an adjusted Trial Balance, then

completing an Income Statement, a Statement of Stockholders' Equity and then a Balance Sheet. After

everything is complete, the student will turn in the practice set along with all financial statements in the

correct order for credit.

Background

Bella's Balloon Bouquet is a gift shop started in September of $2023$ by Bella Boone. She has saved over

$$20,000$ to invest in the business. She has had a meeting with her lawyer and her Certified Public

Accountant $($CPA$)$ and they have determined that the business should be organized as a corporation. The

CPA has agreed to help Ms$.$ Boone set up her accounting system. He provided to Ms$.$ Boone a chart of

accounts.

Numbering System