The Scope of the Question is About Assuming a financial transaction as in August 2020 Transaction then Analyze it by shown the impact of these transaction on the accounting, then implement the Accounting Cycle ( 9 Steps with the Calculation ) on these transaction. Assume your own Transaction Given and Cover all The business Cycle Transaction Structure for these Transactions. Cover the 9 steps in Business Cycle.You need to Assume Transactions from your own so you can do the 9 steps of Business Cycle in TABLES.

The Accounting Cycle Learning Objective 4 State the required steps in the accounting cycle. \\Share capital SO Assets - Liability + + R-E - b sole proprietorship, partnership cox Poration, company calle 1. Analyze business transactions for Love Buying and selling ond. Asse Pay! 9. Prepare a post-closing trial Re balance 2. Journalize the transactions Recording the tri the generaljournal 6 qu late/ Explanation pasit / Pr| Ox 8. Journalize and post closing cashiers looo , sele revenue entries IMAnalyzethe trees 3 Post to ledger accounts 2- Determinate the home ofaccounts RE 7. Prepare financial statements 4. Prepare a trial balance 6. Prepare an adjusted trial 5. Journalize and post balance adjusting entries 4-1 Illustration 4-11 Steps in the accounting cycle LOAssignment (1) Accounting Cycle Assume that you are the Financial Accountant of a newly started business from your chosen in August 2020: You are requested to assume the chosen business transactions during the month of August 2020 and analyze it by shown the impact of these transactions on the accounting equation! After that implement the remain steps of the accounting cycle on the transactions of the chosen business