Completing the accounts of the business for the first month 1. Open up a bank account and put in a proportion of the cash 2. Purchase at least three non-current assets with cash 3. Buy in inventory for cash or if a service, pay for licenses and software 4. Make cash sales 5. Pay three types of cash expenses 6. Make credit sales 7. Make a prepayment for a service 8. Record a accrued expense 9. Receive cash from a previous credit sale Completing the accounts of the business for the first month 1. Open up a bank account and put in a proportion of the cash 2. Purchase at least three non-current assets with cash 3. Buy in inventory for cash or if a service, pay for licenses and software 4. Make cash sales 5. Pay three types of cash expenses 6. Make credit sales 7. Make a prepayment for a service 8. Record a accrued expense 9. Receive cash from a previous credit sale Implementation of a new accounting system You are also required to write 300 words to explain the benefits and drawbacks of the implementation of a new computerized accounting system. Completing the accounts of the business for the first month 1. Open up a bank account and put in a proportion of the cash 2. Purchase at least three non-current assets with cash 3. Buy in inventory for cash or if a service, pay for licenses and software 4. Make cash sales 5. Pay three types of cash expenses 6. Make credit sales 7. Make a prepayment for a service 8. Record a accrued expense 9. Receive cash from a previous credit sale Completing the accounts of the business for the first month 1. Open up a bank account and put in a proportion of the cash 2. Purchase at least three non-current assets with cash 3. Buy in inventory for cash or if a service, pay for licenses and software 4. Make cash sales 5. Pay three types of cash expenses 6. Make credit sales 7. Make a prepayment for a service 8. Record a accrued expense 9. Receive cash from a previous credit sale Implementation of a new accounting system You are also required to write 300 words to explain the benefits and drawbacks of the implementation of a new computerized accounting system