Question: Hey I need help doing this I have no idea what I am doing. The transactions used in chapter 1, 2 and 3 are :Entity

Hey I need help doing this I have no idea what I am doing. The transactions used in chapter 1, 2 and 3 are :Entity Assumption, Accounting Transaction, business entity, financial statement, cash transaction, complex transaction, recognize revenue and expenses. It's ok if this isn't anywhere near perfect I don't have any idea how to solve this.


Assume that you have inherited $100,000. You have decided to start a service company with your inheritance. You will organize your company as a service company and you will be the sole investor. Briey explain the nature of the company and what services you are planning to provide. Keep it simple but be creative. For your business, create 12 to 15 hypothetical business events for your business. All the types of transactions discussed in chapter 1, chapter 2 and chapter 3 need to be included. Include adjusting entries in your list of transactions. Use accounting terminology when possible and make sure that all the information necessary to record the transaction is included
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