Create your own company describing the nature of the company and what it provides (should be providing services and assume it is a sole proprietorship) .

Show in details the Accounting cycle (journalizing in general journal, posting in general ledger and preparing financial statements ) taking into consideration the following :

• Transaction to start with not less than 25 transactions ( including at least one unearned and one prepaid transactions )
• Use the coding for the accounts used
• During the adjusting period please make sure you have covered all six categories discussed in class
• Make sure to show the method used to calculate the depreciation highlighting over the reason on choosing this specific method
• Assume you are using the allowance method in estimating the uncollectible accounts for Accounts receivables .