Question:1 1.prepare a basic analysis( enter answers in alphabetical order for account credited colour)

2.prepare an equation analysis

3.prepare a debit-credit analysis

4.journalize the transactions

5. Using T-accounts,post the journal entries to the general ledger and determine the ending balance in each account.

Question:2

1.prepare a trial balance

2.prepare income statement for the year

3.prepare a statement of changes in equity for the year

4.prepare a statement of financial position for the year(ASSETS,liabilities and shareholder equity)

Selected transactions for the Oriole Corporation during its first month of operations are presented below: Sept. 1 Issued common shares for $ 19.800 cash. 2 Performed $9,600 of services on account for a customer. 4 Purchased equipment for $ 13,100, paying $ 5,100 in cash and borrowing the balance from the bank 10 Purchased $490 of supplies on account. 25 Received $ 4,000 cash in advance for architectural services to be provided next month. 30 Paid $ 294 on account in partial payment of amount owing for supplies. (See September 10 transaction.) 30 Collected $5,000 on account owing from customer (see September 2 transaction)