Imagine your company operating for the first month of January 2024, creating 10 realistic transactions...

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Accounting

Imagine your company operating for the first month of January 2024, creating 10 realistic transactions that give the following different activities:
Expenses of the country: rent, utilities and insurance (one transaction)
Purchase of assets: supplies and computers, furniture and equipment (cash and credit)(2 transactions)
Service Delivery: Cash and credit bills for different customers (2 transactions)
Prepaid expenses: premiums and rent in advance (single transaction)
Payment of obligations: payment of receivables to creditors (single transaction)
Collection of accounts receivable: collection of receivables from customers (single transaction)
Owner Withdrawals: Withdrawal of cash or assets for personal use (single transaction)
Required
1- Analysis of the impact of each transaction on the accounting equation (assets = liabilities + equity)
2- Record transactions in the journal.
3- Post each journal entry to the same accounts in the ledger.
4- Preparing the unadjusted trial balance.
5. Settlement restrictions: He proposed five types of settlements, including the following:
a. Prepaid expenses (at least two)
b. Outstanding Descriptions (Single Entry)
c. Unearned Revenue (Single Entry)
d. Earned Revenue (one entry)
6. Post settlement entries
7- Preparation of the adjusted trial balance
8- Preparation of financial statements (income statement, statement of change in equity, statement of financial position or general budget)

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