Record the transactions of business events and prepare financial statements. You can prepare journal entries, General Ledger records, and Financial statements.

Required 1. Set up balance column accounts based on the chan of accounts provided. 2. Prepare journal entries to record each of the following October transactions. 3. Post the October entries. 4. Prepare a trial balance at October 31,2011. 5. Prepare an income statement and a statement of owner's equity for the month ended October 31, 2011, as well as a balance sheet at October 31, 2011. Part B Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30,2011. 9. Prepare an income statement and a statement of owner's equity for the two months ende November 30,2011 , as well as a balance sheet at November 30,2011