First Step: Accounting Transactions; Transaction 1. Asim and Jasim Jointly started a new business by investing $50,000 cash and $50,000 bank each. Transaction 2. Asim and Jasim purchased land and building $5,000 each from Khalil on credit. Transaction 3. Asim and Jasim deposited $10,000 into the bank. Transaction 4. Asim and Jasim purchased cars for $11,000 from Khalid. Paid $5,000 cash and rest on account. Transaction 5. Asim and Jasim paid $1,000 fuels and cars maintenance expenses. Transaction 6. Asim and Jasim sold goods $1,250 to Ali. Received $500 cheque and rest on credit. Transaction 7. Asim and Jasim piad $4,200 to Khalid. Transaction 8. Asim and Jasim received $3,500 cash in advance for supplies to be provided later. Transaction 9. Asim and Jasim withdraw $2,200 cheque from bank for personal use. Transaction 10. Asim and Jasim paid montly salary to employee's woth $6,800. Requirements to; 1. Prepare Journal Book 2. Ledger Book 3. Trial Balance 4. Income Statement 5. Statement of Change in Equity 6. Balance Sheet