you need to journalize the 8 transactions

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Establish a virtual company in your name and suggest 8 transactions then: 1. Journalize the 8 transactions you suggested using the general journal format provided below. 2. Post the transactions to general ledger (T accounts) provided below. 3. Prepare a trial balance to help you prepare the financial statements [Optional) 4. Prepare an Income Statement for the year ending 31/12/2021 5. Calculate Retained Earnings at 31/12/2021 6. Prepare Statement of Financial Position for the company at 31/12/2021 ( written) in class. * The 8 transactions should Include All of the following items: E Assets: 1. Cash 2. Accounts Receivable 3. Supplies 4. Equipment Liabilities: 1. Accounts Payable 2. Note Payable Equity: 1. Share Capital 2. Service Revenue 3. Rent Expense 4. Dividends