In one paragraph, you need to: o Describeyourbloger Business! o Giveyourbusinessaprofessionalname. o BrieflydescribethetypesofRevenueitreceives(youmusthavetwotypesofrevenues). 2. You must perform the Accounting for ONE MONTH of the Business' Operations by doing the following: o Setupandnameaminimumof15T-accounts.AllT-accountssetupMUSTbeused/affectedin the transactions that you create. o ChooseaMONTHforyourAccountingPeriod.Thisisabrandnewbusiness,soalltransactionswill be for the first month the business is in operation. o EnterOpeningBalancesintheT-accountsforthebeginningofthemonth.Aninitialtransactionis required for this. Don't forget capital! 1st transaction o MakesurethatallDebits=CreditsBEFOREproceedingtothenextstep. o Create19Transactions(doesnotincludetheinitialopeningentry)thatyouwouldexpectwould happen over the course of a month. You should have a minimum of 20 transactions! o Eachtransactionmustbedatedandmustberelevantforthetypeofservicebusinessyouhave. o Eachtransactionmuststatethesourcedocumentthatgoeswithit. o The20Transactionsmustconformtothefollowingcriteriaasaminimum: o Must have at least one entry that impacts a Long Term Liability. 16th transaction o Must have an Owner's Investment in the business that is NOT cash. 8th transaction o Must use the Drawings Account. 11th transaction o MusthavedifferentReceivablesandPayablesbeingimpacted. o MusthaveTWOdifferentRevenueaccountsbeingimpacted. o MusthavedifferentExpensesbeingimpacted. o At least 2 of your transactions must impact at least 3 different Accounts. 4th and 13th transaction o Must have a sale of an asset for a loss. 12th transaction