that initially, you would start small and focus on providing quality accounting and tax services. After much thought, you decide to organize your business as a corporation. Although, a sole proprietorship would be easier to set up, you want to eliminate any personal liability that you might be subject to if you were to organize as a sole-proprietorship. You also realize that it is more complicated to organize your business as a corporation and that you might incur more in taxes, but you feel it's worth the extra cost. REQUIRED You will need to set up an accounting system for your business. Therefore, you will have to create/use a general journal and a general ledger. You will be responsible for journalizing all transactions and posting them to the appropriate ledger accounts. At the end of each month, you will be required to prepare a trial balance. Additionally, you will be required to prepare year-en adjusting entries and an adjusted trial balance. You will also have to prepare a set of financial statements for Your Accounting Corporation. This will include, in proper format, an Income Statement, Statement of Retained Earnings, Balance Sheet, and a Statement of Cash Flows. After preparing your financial statements, you will also be required to record and post the closin entries and prepare a post-closing trial balance. You have selected a fiscal year that matches the calendar year. The following events occurred in August and September that initially, you would start small and focus on providing quality accounting and tax services. After much thought, you decide to organize your business as a corporation. Although, a sole proprietorship would be easier to set up, you want to eliminate any personal liability that you might be subject to if you were to organize as a sole-proprietorship. You also realize that it is more complicated to organize your business as a corporation and that you might incur more in taxes, but you feel it's worth the extra cost. REQUIRED You will need to set up an accounting system for your business. Therefore, you will have to create/use a general journal and a general ledger. You will be responsible for journalizing all transactions and posting them to the appropriate ledger accounts. At the end of each month, you will be required to prepare a trial balance. Additionally, you will be required to prepare year-en adjusting entries and an adjusted trial balance. You will also have to prepare a set of financial statements for Your Accounting Corporation. This will include, in proper format, an Income Statement, Statement of Retained Earnings, Balance Sheet, and a Statement of Cash Flows. After preparing your financial statements, you will also be required to record and post the closin entries and prepare a post-closing trial balance. You have selected a fiscal year that matches the calendar year. The following events occurred in August and September