Question 42 25mark )Assume thatyou want to start yourbusiness on the 1st of August 2020 Undertakemarket research and preparea list of possible business events and transactions that willhappenduring August you should provide at least 20transactions and event related to the activity of yourbusiness Analysethe effect of themon the basic accounting equationand decidewhich transactionsoreventsshould be recorded Started cash with $2000 Opened a bank account and deposited $2000 in bank Buying soccer products shoes, kits,gloves Sold 10 pairs of soccer boots for $130 to customers Paid rent $500 for the month of August Manchester united inquired for buying 100 footballs Replied to manchester united to supply football 50 each for 50 pieces Got order from Manchester united for supplying 50 footballs 50 pc and advance check of $1500 bought 50 footballs 30 each Paid freight 200 for supplying football Raised bill of $2500 on Machester united for supplying football Received final payment of $1000 from manchester united for suplying football Paid $1000 for making display furniture at shop Paid $100 for shop insurance Paid $250 for electric lights and fixtures Hired a free lancer for advertising on social media and paid him $100 Hired a part time accountant on a monthly basis at a salary of $500 Invested $10000 in business to buy new stocks Inquired to buy 100 complete kits of different ages for playing soccer Selected the supplier from whom we are going to buy the soccerr kits 500 kit Question 6 Assume that it is end of August and you want to prepare the financial reports Think about the adjusting entries that should be recorded(you should provide at least 5 adjusting entries) The amounts and items should be related to the information provided in questions 4 and 5or should be related to your business Record the adjusting entries in the general journal and post them to the ledger accounts(Ensure you include narrations and date)and prepare the adjusted trial balance (can someone please answer question 6 with all the relevant infomation)

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Question 42.25mark )Assume thatyou want to start yourbusiness on the 1st of August 2020. Undertakemarket research and preparea list of possible business events and transactions

Question 42.25mark

)Assume thatyou want to start yourbusiness on the 1st of August 2020. Undertakemarket research and preparea list of possible business events and transactions that willhappenduring August. you should provide at least 20transactions and event related to the activity of yourbusiness. Analysethe effect of themon the basic accounting equationand decidewhich transactionsoreventsshould be recorded.

Started cash with $2000
Opened a bank account and deposited $2000 in bank.
Buying soccer products shoes, kits,gloves
Sold 10 pairs of soccer boots for $130 to customers
Paid rent $500 for the month of August
Manchester united inquired for buying 100 footballs.
Replied to manchester united to supply football @50 each for 50 pieces
Got order from Manchester united for supplying 50 footballs @50/pc and advance check of $1500
bought 50 footballs @30 each
Paid freight 200 for supplying football
Raised bill of $2500 on Machester united for supplying football
Received final payment of $1000 from manchester united for suplying football.
Paid $1000 for making display furniture at shop
Paid $100 for shop insurance
Paid $250 for electric lights and fixtures
Hired a free lancer for advertising on social media and paid him $100
Hired a part time accountant on a monthly basis at a salary of $500
Invested $10000 in business to buy new stocks
Inquired to buy 100 complete kits of different ages for playing soccer
Selected the supplier from whom we are going to buy the soccerr kits @500/kit

Question 6 .Assume that it is end of August and you want to prepare the financial reports. Think about the adjusting entries that should be recorded(you should provide at least 5 adjusting entries). The amounts and items should be related to the information provided in questions 4 and 5or should be related to your business. Record the adjusting entries in the general journal and post them to the ledger accounts(Ensure you include narrations and date)and prepare the adjusted trial balance.

(can someone please answer question 6 with all the relevant infomation)