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Please do for me I don't get it. Instructions: 1. Assume you are about to establish a new business. 1.1 Business name 1.2 Business type
Please do for me I don't get it.
Instructions: 1. Assume you are about to establish a new business. 1.1 Business name 1.2 Business type 1.3 Explanation about the business main operations; i.e. income earning 2. Creatively design your own business transactions for the first month, including 2.1 At least 30 general transactions 2.2 At least 10 adjusting transactions 3. Journalise your designed transactions including adjusting transactions. 4. Prepare your "adjusted trial balance". 5. Prepare your financial statements including "income statement", "statement of changes in owner's equity, and "statement of financial positioning". 6. Show your closing entries. 7. Report the "post-closing trial balance". Instructions: 1. Assume you are about to establish a new business. 1.1 Business name 1.2 Business type 1.3 Explanation about the business main operations; i.e. income earning 2. Creatively design your own business transactions for the first month, including 2.1 At least 30 general transactions 2.2 At least 10 adjusting transactions 3. Journalise your designed transactions including adjusting transactions. 4. Prepare your "adjusted trial balance". 5. Prepare your financial statements including "income statement", "statement of changes in owner's equity, and "statement of financial positioning". 6. Show your closing entries. 7. Report the "post-closing trial balanceStep by Step Solution
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