3. Once you've decided, set up your merchandising business. Assume a single owner (could be the CEO), while all the rest could be salaried employees. Determine what costs you will incur over the next 3 weeks, including inventory. Determine also the sales. 4. Prepare journal entries, ledger entries, adjustments, and financial statements for your 3-week operations. 3. Once you've decided, set up your merchandising business. Assume a single owner (could be the CEO), while all the rest could be salaried employees. Determine what costs you will incur over the next 3 weeks, including inventory. Determine also the sales. 4. Prepare journal entries, ledger entries, adjustments, and financial statements for your 3-week operations