The Problem XYZ is an accounting firm owned by Douglas Hart (DH Accounting Services) who started business on 1 December and had made the following Transactions: On 1 December, DH opened new business and invested/deposited $20,000 in the business bank account. On 4 December, DH purchased supplies for $950, paid 350 cash and the rest on credit. On 9 December, DH purchase equipment for $4,000 paid $1,000 cash and the remaining on account. On 11 December, DH signed a contract hiring a secretary for $900 fortnightly pay starting from the first Monday of January On 17 December, DH provided services to clients for $6,000 received $2,500 cash and invoiced the remaining to clients. On 29 December, DH paid the following expenses: rent of $800 and insurance of $200. On 30 December, DH billed clients of $2,500 for services provided during the month of December. On 30 December, DH drawn $500 from business account for personal use. On 31 December, DH received a bill of $750 for utilities incurred during the month of December. The following information is also available for Adjusting Entries: 1. A physical count of office supplies reveals that supplies totalling $420 are on hand at 30 Dec. 2. The balance in the Unearned Consulting Fees account includes $1200 earned for services rendered in the last week of December 3. A 12-month insurance policy was purchased on 1 December for $780. 4. The December telecommunications costs for $320 are unrecorded. No tax invoice has been received. There is $32 to book to GST. 5. Salaries of $980 were owing to employees at 31 December. a. Setup a chart of accounts for service business Print the business details & chart of accounts from MYOB into a pdf. b. Post all entries to the general ledger through journal c. Prepare the Trial Balance (Unadjusted) generate with generate with MYOB into a pdf d. Prepare Adjusted trial balance generate with MYOB into a pdf. e. Prepare Income Statement for the period generate with MYOB into a pdf. f. Prepare Balance Sheet for the period generate with MYOB into a pdf. g. Prepare Cashflow for the period generate with MYOB into a pdf. Fill in a cover sheet and load the 6 pdfs that were generated by MYOB on submission link for assessment 2. (2.5 marks per each report)