Create your own company describing the nature of the company and what it provides (should be providing services and assume it is a sole proprietorship) . Show in details the Accounting cycle (journalizing in general journal, posting in general ledger and preparing financial statements ) taking into consideration the following : • Transaction to start with not less than 25 transactions ( including at least one unearned and one prepaid transactions ) • Use the coding for the accounts used • During the adjusting period please make sure you have covered all six categories discussed in class • Make sure to show the method used to calculate the depreciation highlighting over the reason on choosing this specific method • Assume you are using the allowance method in estimating the uncollectible accounts for Accounts receivables .
Create your own company describing the nature of the company and what it provides (should be providing services and assume it is a sole proprietorship) . Show in details the Accounting cycle (journalizing in general journal, posting in general ledger and preparing financial statements ) taking into consideration the following : • Transaction to start with not less than 25 transactions ( including at least one unearned and one prepaid transactions ) • Use the coding for the accounts used • During the adjusting period please make sure you have covered all six categories discussed in class • Make sure to show the method used to calculate the depreciation highlighting over the reason on choosing this specific method • Assume you are using the allowance method in estimating the uncollectible accounts for
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