Choose a unique business of your choice and assume its forecasted transaction which you might perform in July 2020. You have to build of assets for this business through equity or debt. Similarly assume possible sales and expenses for the same business. You are required to assume at least 15 authentic transactions related to this business in which you will cover all transactions related to assets, debt, equity, sales and expenses. After assuming transactions you will

Prepare income statement for July.

Prepare statement of owner's equity for July.

Prepare balance sheet as of July 31.

Prepare

statement of cash flows for July.

Discuss the financial position of this business.