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Accounting Transactions T-Account Assignment Create your own transactions activity: a) Create seven (7) varied transactions, similar to those in your text. 14 marks Thinking. Your transactions must include: a. One (1) transactions that affects Revenue b. Two (2) transactions that affects Expenses c. One (1) transactions that affects three accounts d. Two (2) transactions of your choice e. One (1) transaction that affects Drawings b) Create a t-account ledger on a separate piece of paper. Be sure to include at least ten (10) accounts. Every account should have an opening balance, and must include an opening balance of Capital. The names of the accounts and the opening balances are to be made up by you. 10 marks Communication c) Calculate the balance of the Capital account. It will be the 'balancing figure' to make your entire ledger balance. In this assignment, add all the debits, then add all the credits. Subtract to find the difference. This is the balance of Capital. d) Enter all of your 7 transactions from part (a) into the t-account ledger. Total all accounts. 14 marks Application. e) Create a Trial Balance to show that your ledger is in balance. 5 marks Communication Total Marks: 15 Communication 14 Thinking 14 Application