You are expected to: 1. Form a limited company dealing in first moving consumer goods 2. Download Quickbooks from www.intuit.com 3. Set up company details in Quickbooks 4. Identify and list different ledger accounts 5. Set up Chart of Accounts in Quickbooks 6. Identify and set up at least 3 suppliers and 40 customers 7. Identify and set up 3 product lines to trade on 8. You have at least 5 employees who are paid monthly and who should be set up in QB 9. Set up 1 bank account and a cash account for petty cash 10. The accounting period is 2 months 11. Suppliers and employees are paid by checks 12. The beginning balance for the company as at 1st March 2023 are in the table below 13. Demonstrate trading by posting at least 50 transactions into QB spread across 2 months. Accounts Receivable Current Asset 1,150,000 Provision for bad and doubtful debts Current Asset (15,000) Inventory Current Asset 45,000 Cash and Bank Current Asset 224,000 1,404,000 Land Non-current Asset 27,000,000 Buildings Non-current Asset 55,100,000 Motor Vehicle Non-current Asset 5,000,000 Equipment Non-current Asset 3,300,000 Furniture Non-current Asset 1,600,000 Accumulated Dep: Building Non-current Asset (22,925,000) Accumulated Dep: Vehicles Non-current Asset (1,250,000) Accumulated Dep: Equipment Non-current Asset (725,000) Accumulated Dep: Furniture Non-current Asset (625,000) 66,475,000 Accounts Payable Current liabilities 725,000 Accruals Current liabilities 150,000 Long-term borrowings Long-term liabilities 3,500,000 General Fund Equity 63,504,000 67,879,000 Required: a) Prepare to demonstrate posting transactions in QB during the last class. You will be expected to: Show chart of accounts that has codes. Briefly describe the entry and the processing of the transactions, including the affected ledgers Provide illustrative journal entries for a routine transaction, a non-routine transaction, a standard (recurring) adjusting transaction and nonrecurring adjusting transaction that would be posted to the general ledger. b) Generate from QB the following Financial Statement i) Statement of Comprehensive Income ii) Statement of Financial Position iii) Statement of Changes in Equity iv) Cashflow Statement c) Develop a 2-page analytical review of your company