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Question 1 - Assume you will start your business on the 1st of April 2022. Undertake market research and prepare a list of possible business transactions relevant to your business that will happen during April. Your transactions should be referenced properly to demonstrate where appropriate market research. You should provide at least 15 transactions related to the activities of your business.
Question 2 - Use the information from question 1 and record the transactions in the general journal and post to the ledger accounts; include dates and narrations. Do the unadjusted Trial balance sheet.
Question 3 - Assuming it is the end of April, identify and post at least 5 adjusting entries. The adjustments must demonstrate your understanding and therefore should be from each type of adjustment that has been covered in your lectures. The amounts and items recorded should be from the information you provided in questions 3 and 4. Record the adjusting entries in the General Journal and post them to the ledger accounts, include dates and narrations. Do the adjusted Trial Balance sheet.
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