All are completing transaction
Transaction Analyzes\" Analysis 1f8.'2020 Increased capital in the $14500 Increased in liability i.e., business Capital and increase in cash which is current asset 5f8l2020 Payment of rent Increase in liability rent and decrease in cash 10.18.0020 Purchase Company computer Increased in Fixed asset and on credit increase of liability Creditor 15!8l2020 Purchased Accessories from Increased in Fixed asset Sunday limited accessories and decrease in cash in hand 18!!!!2020 Received cash from debtor Increase of Asset cash and (James) decrease of debtor 20!8l2020 Received 'om fore services $5000 Increased in cash and increase rendered in revenue 23!8l2020 Paid salaries and wages. $5 00,$300,and $400 Service expenses by cash Utility and oce rent respectively 2513:2020 Paid electricity $230 303'81'2020 Received cash from debtor $700 Cash increased (Customer I) Accounting Cycle requested to use transaction below business to prepare an accounting cycle project which include the 9 steps Prepare A Tabular Analysis Of The Transaction Using The Following Column Headings: Cash, Account Receivable, Supplies, Equipment, Accounts Payable , Owners Capital , Owners Drawings, Revenue, And Expenses Step 2 Accounting Cycle Iournalize Business Transactions requested to journalize the assumed transactions for your chosen business during the month of August 2020! STEP 3 ACCOUNTING CYCLE- Posting or Ledgering the journal entries requested to Posting or Ledgering the journal entries the assumed transactions for your chosen business during the month of August 2020! STEP 4- ACCOUNTING CYCLE Preparing Trial Balance requested to Preparing Trial Balance the assumed transactions for your chosen business during the month of August 2020! Step 5 Accounting Cycle ]ournalize and Post Adjustments requested to Performing adjusting the assumed transactions for your chosen business during the month of August 2020! Step 6 Accounting Cycle Laying down adjusted trial balance requested to Laying down adjusted trial balance the assumed transactions for your chosen business during the month of August 2020! Step '7 Accounting Cycle Prepare Financial Statements requested first the Prepare Financial Statements AND then the SECOND TIP of PREPARE FINANCIAL STATEMENTS with trial balance to show how we can find financial statement With trial balance I3the assumed transactions for your chosen business during the month of August 2020! Step 8 Accounting Cycle Book Closing requested to Book Closing the assumed transactions for your chosen business during the month of August 2020! Step 9 Accounting Cycle-Post-closing trial balance requested to Post-closing trial balance the assumed transactions for your chosen business during the month of August 2020! Conclusion: I need Analyze Business Transactions+ journalize the Transactions +Posting or Ledgering the journal entries+ Preparing Trial Balance+journalize and Post Adjustments+ Laying down adjusted trial balance+ Prepare Financial Statements+ Book Closing+ closing trial balance
