Joel Degas started a landscaping business last year with an initial investment of $5,000 cash and $6,000 of equipment. After 12-months of operating this business, Joel has $2,200 cash on-hand in the business bank account. Joel assumed his business was doing well, however, he is concerned that his bank account has less money now than when he started this business. Joels method of accounting is simply to deposit cash received from customers in the bank account and write checks or pay cash for expenses. Joel is a friend of yours and is aware youre taking an accounting class and has come to you for advice. What recommendations would you give Joel for setting up an accounting system for his business, and why?