Change this sole proprietorship's transaction to incorporated company's transaction.(You can change transaction whatever you want)

General requirement: Create the merchandising business and its transactions related to an open response problem. It has to be included at least; start with capital contribution from shareholder, 1 purchase of fixed asset, 2 purchase of merchandise transactions, 2 sale transactions, 1 payment to vendor (within discount period), 1 payment to vendor (without discount period), 1 receive from customer (within discount period), 1 receive from customer (without discount period), 1 purchase return transaction, 1 sales return transaction, 4 types of expense transactions. In addition, it has to be included at least 5 adjusting transactions.

TRANSACTION

Ms. Rani is an individual who has just completed her graduation. She decides to start her own business of retail trading of .sweets & chocolates.

May 1 : Ms. Rani decides to officially start her business "The Sweetie Shop" by contributing a capital of $80,000

May 3 : She buys a piece of customised equipment - a transparent sweet display box to showcase her sweets for $20,000

May 5 : She entered into a rental agreement with her friend Kalyani - who agreed to rent a small shop space for a monthly rent of $5,000

May 8 : She buys 10 kgs of fresh premium chocolates from M/s Ganga Sweets for $10,000 on credit 1/10 n/30

May 10 : She sold 5 kgs of premium chocolates to Ms Preeti of Preeti Wedding Planners for $10,000 on credit 2/10 n/30

May 12 : Preeti returned chocolates worth $1000 due to poor quality

May 14 : Ms. Rani returned the chocolates of $500 back to M/s Ganga sweets for poor quality

May 16 : She buys 2 kgs of white chocolate worth $2,000 and 2kgs of dark chocolates worth $5,000 from Shyam Chocolates n/45

May 18 : Received $8,820 from Ms. Preeti

May 20 : Sold 2 kgs of white chocolate to Ms. Haritha for $4,000 on credit n/45

May 22 : Paid cash of $9,405 to M/s Ganga

May 25 : Paid Cash of $7,000 to Mr. Shyam of Shyam Chocolates

May 28 : Received cash of $4,000 from Haritha

May 30 : She incurred the following expense payments

(i) Paid rent for the month : $10,000

(ii) Office cleaning services: $500

(iii) Packaging expenses : $3,000

(iv) Paid electricity expenses : $2,000

Adjusting entries :

1) Outstanding electricity charges - $500

2) 1 kg of premium chocolates has been split completely, hence it's worthless

3) Rani charged depreciation at the rate of 10% on the declining balance method on the equipment purchased

4) Rani gave a loan of $10,000 to her friend. Interest accrued on the loan = $85

5) Rent of $5,000 pertains to next month