Assume that you started your business and you are trying to look into the results after the first quarter.

$1.$ Think of atleast $50$ transactions of diverse nature, occurred in your business during this quarter. $($As it is a start up$,$ there is nothing in the beginning balances$)$

$2.$ Record all these transactions in Journal.

$3.$ Post the transactions into Ledger $($T$-$Accounts$)$

$4.$ Prepare the unadjusted Trial Balance.

$5.$ Record adjusting entries for Deferrals, Accruals and Depreciation $($atleast $1$ transaction for each$)$

$6.$ Prepare adjusted Trial Balance

$7.$ Prepare Financial Statements

$8.$ Record closing entries at the end of the quarter.