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You are a financial accountant for a small business and have been tasked with preparing a monograph for the company's financial statements. The monograph should
You are a financial accountant for a small business and have been tasked with preparing a monograph for the company's financial statements. The monograph should include a list of economic events that have occurred over the course of one month, including receivables, sales, VAT, depreciation, prepaid expenses and revenues (these have to be in your monograph as mandatory). Your list should include 25 economic events. For each economic event, you will need to create a general journal entry; post the entry to the general ledger, prepare a trial balance, and ultimately prepare the company's income statement and balance sheet. To complete this assignment, you will need to: 1. Create a list of at least 25 economic events that have occurred over the course of one-month. Make sure to include the mandatory economic events mentioned above and any other important events that you can think of ( 25 points) 2. For each economic event, create a general journal entry and post the entry to the general ledger. Make sure you journalize adjusting entries as well (20 pts). 3. Prepare a trial balance from the general ledger (15 pts). 4. Prepare an income statement for the company (20 pts). 5. Prepare a balance sheet for the company (20 pts). Your monograph should be well-organized and include all relevant financial statements. Make sure to clearly label each statement and explain how you arrived at your final figures. Your monograph should be typed, and submitted in either PDF or Microsoft Word format. The group members' names and student numbers should be in the homework sheet
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