Requierments:

1- General Journal

2-Ledger accounts

3-unadjusted trial balance

4-adjusted trial balance

5-Income Statement

6-retained earnings statement

7-Statement of Financial position

8-Post-closing trial balance

Principles of Financial Accounting - ACCT 201 Case Study Applying the accounting cycle Sarah Automotive On October 1, 2018, Sarah began a car repair shop, Sarah Automotive. The business will have a monthly accounting cycle. The following are some events that happened on October 2018 1. Oct 1. Sarah invested 80,000 SAR in cash and some screwdrivers, hammers, and other equipment that cost 15,000 SAR in exchange for ordinary shares in Sarah Automotive. 2. Oct 1. Sarah Automotive purchased land to be used in operations for signing 5 months note payable in the amount of 60,000 SAR. The note Sarah Automotive to pay interest at an annual rate of 12%. 3. Oct 2. Sarah Automotive paid 6,000 SAR for a 3-month insurance policy that will expire Dec. 31, 2018. 4. Oct 3. Sarah Automotive rented a parking lot that cost 12,000 SAR semiannual. The full payment due in March 31, 2019. 5. Oct 5. Sarah Automotive purchased 13,000 SAR cars tools and other equipment paying 10,000 SAR and the balance on account. 6. Oct 6. Sarah Automotive haired 3 labors starting Saturday Oct 6, 2018. Each labor agreement set the salary to be 360 SAR for a six-day work week (Friday is off-day). First payment is Nov. 3, 2018. 7. Oct 7. Sarah Automotive paid 5,000 SAR to acquire office supplies. 8. Oct 8. Sarah Automotive received total of 30,000 SAR for services performed. 9. Oct 9. Sarah Automotive signed an advertisement contract with one of the local advertising company for advertisement that cost 6000 SAR the company will complete the advertisement service on Oct 12. Sarah Automotive paid 2,000 SAR on Oct 9 as a down payment and agreed to pay the balance due after the advertisement. 10. Oct 12. Sarah Automotive paid the total amount due to the local advertising company after they conducted the service. 11. Oct 15. Sarah Automotive received 14,000 SAR in cash from Ahmed (a client) for a reservation of car repairing service to be provided on Oct 26, 2018. 12. Oct 19. Sarah Automotive provide service for 16,000 SAR to Youssef (Sarah's relatives) and he agree to pay the total amount due later. 13. Oct 25. Sarah Automotive received 10,000 SAR cash in advance for a reservation of car services. The service should be provided on Nov. 2, 2018. 14. Oct 26. Sarah Automotive perform the service to Ahmed, who had paid in advance earlier this month. 15. Oct 27. Sarah Automotive received 50% of the total amount due from Youssef (Sarah's relatives) 16. Oct 29. Sarah Automotive paid 1500 SAR utilities bill. 17. Oct 30. Sarah Automotive paid dividends of 2,000 SAR cash