Identify any 10 different business transactions that most likely to happen in Mohammeds Business for which you recommended in Question No 1. While identify business transactions, you are required to consider the following assumptions:

• Started business with cash
• Goods purchase for cash
• Goods purchased on credit
• Any asset purchased and paid cash
• Any asset purchased on credit
• Sold goods for cash
• Sold goods on credit
• Paid any bill
• Paid salary to staff
• Cash withdraw from business for personal use

Based on your own 10 transactions:

1. Form Accounting Equation (3 Marks)
2. Journalizing the 10 transactions (3 Marks)
3. Post them into different Ledger (3 Marks)
4. Prepare Trail Balance (3 Marks)

Compute the Financial statement (8 Marks)