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Accounting Cycle Project You are requested to use your assumed business to prepare an accounting cycle project which include the 9 steps Step 1 - Analyze Business ansactions (Accounting Cycle) Assume that you are the Financial Accountant 01' 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! Step 2 Accounting Cycle - journalize Business Transactions You are requested to journalize the assumed transactions for your chosen business during the month of August 2020! STEP 3 ACCOUNTING CYCLE- Posting or Ledgerlng the journal entries You are requested to Posting or Ledgering the journal entries the assumed transactions for your chosen business during the month of August 2020! STEP 4 ACCOUNTING CYCLE -Preparing Trial Balance You are requested to Preparing Trial Balance the assumed transactions for your chosen business during the month of August 2020! Step 5 Accounting Cycle -journalize and Post Adjustments You are requested to Performing adjusting the assumed transactions for your chosen business during the month of August 2020! Step 6 Accounting Cycle- Laying down adjusted trial balance You are requested to Laying down adjusted trial balance the assumed transactions for your chosen business during the month of August 2020! Step 7 Accounting Cycle - Prepare Financial Statements You are requested to Prepare Financial Statements the assumed transactions for your chosen business during the month of August 2020! Step 8 Accounting Cycle Book Closing You are requested toBook Closing the assumed transactions for your chosen business during the month of August 2020! Step 9 Accounting Cycle-Post-closing trial balance You are requested to Post-closing trial balance the assumed transactions for your chosen business during the month of August 2020! Conclusion: i need Analyze Business Transactions+journallze the Transactions +Posting or Ledgering the journal entries+Preparing Trial Balance+journalize and Post Adjustments+Laying down adjusted trial balance+Prepare Financial Statements+Book Closing+closing trial balance