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Imagine your company operating for the first month of January 2 0 2 4 , creating 1 0 realistic transactions that give the following different
Imagine your company operating for the first month of January creating realistic transactions that give the following different activities:
Expenses of the country: rent, utilities and insurance one transaction
Purchase of assets: supplies and computers, furniture and equipment cash and credit transactions
Service Delivery: Cash and credit bills for different customers transactions
Prepaid expenses: premiums and rent in advance single transaction
Payment of obligations: payment of receivables to creditors single transaction
Collection of accounts receivable: collection of receivables from customers single transaction
Owner Withdrawals: Withdrawal of cash or assets for personal use single transaction
Required
Analysis of the impact of each transaction on the accounting equation assets liabilities equity
Record transactions in the journal.
Post each journal entry to the same accounts in the ledger.
Preparing the unadjusted trial balance.
Settlement restrictions: He proposed five types of settlements, including the following:
a Prepaid expenses at least two
b Outstanding Descriptions Single Entry
c Unearned Revenue Single Entry
d Earned Revenue one entry
Post settlement entries
Preparation of the adjusted trial balance
Preparation of financial statements income statement, statement of change in equity, statement of financial position or general budget
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