assume that you are the Financial Accountant of a newly started business from your chosen in August 2020(with the calculation)

Q1. Step 1 Analyze Business Transactions (Accounting Cycle)

You are requested to assume the chosen business transactions during the month of August 2020 and analyze it by shown the impact of these transactions on the accounting equation!

Q2. Step 7 Accounting Cycle Prepare Financial Statements

You are requested using the information of Step 1 to prepare the financial statements of your chosen business for the month of August 2020.

Q3. Step 2 Accounting Cycle Journalize Business Transactions

You are requested to journalize the assumed transactions for your chosen business during the month of August 2020!