Thanks so much again for helping me out, I don't have any idea how to "keep the books" and prepare those confusing financial statements. All I know is that my bank wants them! I wrote down everything I did since I wasn't sure what you would need, so here it is: Dec. 1: I invested $500 cash and $1,580 of supplies into the business. 1: Purchased a 12-month business insurance policy valued at $1,625 but I received a new customer discount and only had to pay $1,200! Coverage begins immediately. 2. Took out small business loan of $5,000 from Commonwealth Bank 3: Paid landlord $875 for December rent on business space for repair shop. 4: Customer Kai Kingsman brought in an old droid for repair. I started work immediately and it took me two weeks to complete the repair. I provided Kai an invoice for $10,900 on December 18th when he came into pick up the repaired droid. 5: Paid my roommate $375 for the December rent on my rented room in the Phoenix apartment building. 6: Purchased $380 of supplies with cash from Circuits 'R' Us. us 8: I paid my outstanding November Accounts Payable balance. 14: Customer Sasha Chang dropped off her portscreen for repair along with a cash prepayment of $50. 15: Paid assistant's salary of $1,200. I have one worker, Iko, and she is amazing! I pay her every two weeks on Friday. 16: Purchased $440 of supplies on account from Not Your Mother's Technology Warehouse. 18: Complete Sasha Chang's repair. Total repair charge was $75. Sasha paid the remaining balance when she came to pickup the portscreen on December 186 21: I was interviewed by the local paper for a piece regarding new businesses in the area. Usually, the paper charges $85 to an ad but this article will run free of charge and be a great source of advertising! 22: Customer Dr. Erland prepaid $4,000 for a Med-Droid he plans to deliver on January 3 for repair. 23: Met with Government Advisor Torin Korr to discuss future potential work regarding installing a recording/reporting system for the local government. The potential worth of this contract could be as much as $45,000. The government will decide in the new year whether or not to move forward with the project. 26: Received Kai Kingsman's complete cash payment for December 18 billed work. 27: I took money out of $1,000 for myself. 31: Received the December utility bill. It is for $95. I will pay it next month since it is not due until January 10th. Typed Responses M Please provide your responses to the 30% following prompts. Your responses should be of your grade! typed, in complete sentences and free of spelling or grammatical errors. Use MLA format when citing any sou ce Audress your responses directly to the owner, Cinder, rememlering that she has no accounting or business training (meaning define and explain any accounting terms or concepts)! This section is worth 30% of the 1.) List one positive item you noticed after preparing and project grade, so reviewing Cinder's financial statements. Tip -the positive item can don't skimp on be for November, December or the two-month period. Excellent this part! responses will use external, credible sources to support their point. Remember an important part of 2.) Identify at least two concerns you have after preparing and accounting is reviewing Cinder's financial statements. Tip -remember to review communicating November's financial statements as well for any changes in December the financial that concern you. Excellent responses will use external, credible results to non- financial users. sources to support their concerns. This is your 3.) Provide Cinder with at least one business recommendation to chance to show strengthen her new business. Excellent responses will use external, me that skill-so credible sources to support their concerns. show off! 4.) Provide Cinder with at least one accounting recommendation to help her new business. Excellent responses will use external, credible sources to support their concerns