Can you please make up a business and its description like in the criteria as well as the trail balance and also make up the business transactions

FOR the trial Balance the total debit and the total credit has to be equal to each other for the made up one as well as the other journal entries

This is all made up - Introducing the business and the partners You are required to write great story to introduce about your business and your business partner. ABOUT BUSINESS ? What is the name of the business & where is it located? ? Describe the business in details. E.g.: What is the business engaged in? Are you selling a product or providing a service? What product/s or what services? ? Who are its expected customers or clients? (Target market). ? What strategies would you do to attract customers to your business? ? What strengths do you have over your competition? Why would potential clients or customers choose your business instead of one of your competitors? ? What are major plans for business development in future? ABOUT PARTNERS ? Introduce the partner: Who are they? What were they doing before forming the partnership? ? Why/How did you come up with this business idea? ? What are partners' capital contributions (Cash/Car/Equipment/etc...)? (using a table) ? Recording Each partner's capital contribution (a table for journal entries) ? What else can they contribute into the business apart from their capital? How will they use their knowledge/background/experience etc. to help the business? ? Partnership agreement. How are profits and losses to be shared etc.? (Partnership agreement template may be downloaded from the Internet. Just change names etc. and delete unwanted sections. Using Referencing & Keep it short with around a page only.) Commencement of Business ? Write narrative: What date did business commence? (It will be at least a month after the partnership agreement is signed). Anything interesting at start? ? Prepare trial balance showing all accounts & their beginning balance on the day of business commencement (using the format given below & make up different amount & more accounts to be used in your business).

3 THIS IS AN EXAMPLE

LINH DO ACCOUNTING BUSINESS TRIAL BALANCE AS AT 1st February 2023 ACCOUNT NAMES DEBIT CREDIT Cash at Bank S 100.000 Petty Cash 2.000 Account Receivable Inventory Prepaid Insurance 5,000 Furniture and Fittings at Cost 30.000 Furniture and Fittings Accum Dep Equipment at Cost 33,500 Equipment Accum Dep Delivery Vehicles at Cost 95.000 Delivery Vehicles Accum Dep Cash Register System at Cost S 10.000 Cash Register Accum Dep Account Payable S 80.000 GST Collected GST Paid S 4,500 PAYG Withholding Payable Your Capital S 100,000 Your peer 's Capital $ 100.000 TOTAL $ 280,000 S 280,000