Accounting and Transactions To complete this assignment you will set up the transactions for 10 business actions. For each transaction, you must describe the type of transactions involved and the effect on a company's financial position indicated by the associated accounting entries. A few examples, detailed instructions, and transaction list will be provided on D2L in Assignments. This assignment is worth up to 75 points based on the Accounting and Transactions quantitative rubric. For this assignment, you need to describe these classic transactions: 1. Borrowing cash 2. Receive invested cash 3. Loan repayment (just one payment is OK) 4. Buying an asset with cash 5. Buying an asset with credit 6. This has two parts and counts as two of the 10 transactions: 6a: Revenue - Sale to a customer for cash 6b: Cost of Sale Expense 7. Expense incurred and paid 8. Revenue earned, cash received later 9. Cash received before revenue earned (deferred revenue Create a MS Word document that presents these 10 transactions in the context of a fictitious retailing or services company that you have invented. Start with a brief introduction about your company, what the company sells, and anything important to know about it. You will get some points for creativity in creating a fake company. For each transaction, provide the following information: - Transaction name - Describe of what happened from the fictitious company's point of view - What changes on the balance sheet? (you may show this or describe it in any way that is generally understandable) - What changes on the income statement? Examples: Julia's Begonias, an established retail business with four brick and mortar