Imagine that you own a dentist business and the following are your chart of accounts and opening balances.

Create 12 financial transactions that would likely occur in the service business for the month of July.

a. Make sure the sentences contain all the necessary information: Source Document, Customer Name or Vendor Name, $ values, Purchase or Sale,

and so on.

b. The first transaction must describe an initial investment the owner did of cash or other assets into the business.

c. Make at least three of the transactions more complicated by involving more than two accounts, e.g., performed service and received partial payment, the remainder put on account.

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