Accounting Class

Capstone Project
 You have 4 options
You have $45,000 for a simple start-up:
to invest in a
1. Food/Beverage Cart
simple start-up 2. Food Kiosk
business of 3. Food Truck
4. Consumable
your own! Goods Cart or Kiosk

Here are some ideas for your project, however, you are not limited to these ideas.
See your teacher for further project idea approvals.

Food/Beverage Cart Consumable Goods

Or Food Kiosk Food Truck Cart/Kiosk
Hot Dogs - Mac & Cheese Pizza
Coffee & Pastries Hamburgers & Fries Fresh cut flowers
Lemonade & Refreshers Sandwiches Potted Plants
Iced Coffee & Refreshers Salads Homemade Dog Treats
Soft Pretzels & Pretzels Dogs Vegan Foods Magazines & Newspapers
Bubble Tea & Refreshers Chinese Foods Pre-packaged Beef Jerky
Hot Cocoa & Frozen Hot Chocolate Coffee & Donuts Candy & Snacks
Ice Cream BBQ Roasted Nuts & Coconut
Gourmet Cookies Candy Apples & Cotton Candy
Meatballs Ice Cream & Milkshakes
Tropical Beverages Mexican Foods
Popcorn Grilled Cheese
Business Ed With Denise Leigh © 2023
Purchase Price : $29,000
Includes (Relevant):
● Prep Space
● Oven
● Refrigeration
● Freezer
● Handwashing Sink
● 3 Compartment
Sink
● Storage
● A/C
Also Includes :
● Burner Stove
● Flat top grill
● Deep fryer
● Salad Bar

Business Ed With Denise Leigh © 2023

Madison Williams
Business Ed With Denise Leigh © 2023
 Madisons Muffins

Amazon
Service : Food Truck
Walmart

Sole Proprietorship
Hot coffee

Iced coffee

Dependable, Chocolate Chip Muffins

Self-Motivated, Planner Blueberry Muffins

Advertising, Supplies

Utilities, Insurance
 Total: 732.16

20 oz Coffee Cups + Lids, Sleeves, and Stirrers Paper Plates

$24.99 per 50 x 5 = 124.95 24.99 per 300

Baking Powder Vegetable Oil Chocolate Chips Coffee Grounds

34.99 per gallon 47.15 per 6 gallons 19.99 per 5 pounds x 2 56.14 per 5/2 pound bags
=39.98
Salt All Purpose Flour Eggs Ice
19.99 per 8 pounds 22.45 per 25 pounds x 3 68.85 per 15 dozen 17.65 per 10 pounds x 2
=67.35 =35.30
Milk Granulated Sugar Blueberries Cash Register Paper
26.47 per 4 gallons x 4 21.00 per 10 pounds x 3 4.52 per 18 oz x 5 20.99 per 50 rolls
=105.88 =63 =22.60
 Total: 1103.95

Cash Register Muffin Tray Coffee Maker

$929.00 26.99 per 2 x 5 = 134.95 $40.00
 Madisons Muffins

(100) Assets (400) Revenue

110 Cash
410 Sales
120 Petty Cash
(500) Expenses
130 Equipment
140 Supplies 510 Advertising expense
150 Prepaid Insurance 520 Cash short and over
160 Food Truck
530 Insurance expense
(200) Liabilities
210 Accounts Payable - Amazon 540 Miscellaneous expense

220 Accounts Payable - Walmart 550 Rent Expense

230 Accounts Payable - Watson Farms
560 Supplies expense
(300) Owners Equity
570 Utilities expense
310 Madison Williams, Capital
320 Madison Williams, Drawing
330 Income summary
 Post Doc
Date Account Title Ref No. Debit Credit
1
Apr. 1 Cash R1 45,000.00
b
Madison Williams, Capital 45,000.00
2
2 Food Truck C1 29,000.00 o
Cash 29,000.00
t
3
2 Equipment C2 1103.95
w
Cash 1103.95 f
3 Supplies C3 732.16 e

Cash 732.16
4
c
4 Prepaid Insurance C4 650.00 a
Cash 650.00 5
8 Cash ✔ T8 780.00 (
✔ 780.00 6
9 Cash ✔ T9 660.00
f
c
t
✔ 660.00
7
10 Supplies C5 285.00
s
Cash 285.00
Business Ed With Denise Leigh © 2023
8
(
 Post Doc
Date Account Title Ref No. Debit Credit

Apr 12 Rent Expense C6 800.00

Cash 800.00

14 Advertising Expense C7 100.00

Cash 100.00

17 Cash ✔ T17 410.00

✔ 410.00

20 Supplies M1 129.00

Accts. Pay - Amazon 129.00

23 Madison Williams, Drawing C8 300.00

Cash 300.00

25 Accts. Pay. - Amazon C9 129.00

Cash 129.00

26 Petty Cash C10 100.00

Cash 100.00

28 Utilities Expense C11 240.00

Cash 240.00
Business Ed With Denise Leigh © 2023
 Madison Muffins
Net Worth Statement
ASSETS
Cash 22,800.00

Petty Cash 100.00

Food Truck 29,000.00

Supplies 732.16

Equipment 1,103.95

Prepaid Insurance 650.00

Total Assets 54,386.11

LIABILITIES
Accounts Payable - Amazon 1,925.00

Accounts Payable - Walmart 4,732.00

Total Liabilities 6,657.00

NET WORTH 47,729.11

Business Ed With Denise Leigh © 2023
 Madisons Muffins
Income Statement
For Month Ended April 30, 2023
% of
Sales

Revenue :

Sale 8622.00 100.0

Expenses:

Advertising Expense 100.00

Insurance Expense 100.00

Rent expense 800.00

Supplies Expense 140.00

Utilities Expense 240.00

Fuel Expense 625.00

Total Expenses 2005.00 23.3

Net Income 6617.00 76.7

Business Ed With Denise Leigh © 2023

 Madisons Muffins

Balance Sheet
April 30, 2023
Assets Liabilities
Cash 28,700 Accts. Pay.- Amazon 924
Food Truck 21,350 Accts. Pay.-Walmart 710
Equipment 1,800 Total Liabilities 1634
Supplies 420 Owners Equity
Prepaid Insurance 450 M. Williams, Capital 51086
Total Assets 52,720
Total Liabilities and 52,720
Owner's Equity

Business Ed With Denise Leigh © 2023