1. Write a short description (2-3 sentences) of your new company. What industry is it in? What do you offer customers or clients? (5 points)
2. Create 10 transactions and their corresponding journal entries for the month of July 2021. (20 points)
   1. These transactions must affect: Assets, Liabilities, Owners Capital, Owners Drawings, Revenues and Expenses
   2. You must write out transactions, and give the corresponding journal entry for each transaction.
3. Post the journal entries into a ledger or into T-accounts. (10 points)
4. Prepare a trial balance. (5 points)
5. Create 3 adjusting entries. (15 points)
   1. Write out each adjustment, and give the corresponding adjusting entry for each.
6. Prepare an adjusted trial balance. (5 points)
7. Prepare an Income Statement, Owners Equity Statement and Balance Sheet. (30 points)
8. Journalize your 4 closing entries. (5 points)
9. Prepare a post-closing trial balance. (5 points)