Using this data sheet analyse and transform the financial data into financial statements. Please explain your processes as I am struggling with this topic.

Proprietor: Ms. Nicole Coffeur Name: Teenage Style Bag Description: Hair and Beauty Salon Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019 . - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely hair styling services, manicure services and facial services. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially. - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollar. Proprietor: Ms. Nicole Coffeur Name: Teenage Style Bag Description: Hair and Beauty Salon Comments: - Assume that this assignment involves an existing business that was purchased by the new owner on 1 June 2019 . - Note the list of transactions is in date order, left to right, line by line. - Use three separate ledger accounts for revenue, namely hair styling services, manicure services and facial services. All revenues relate to the month of June. - Transactions involve cash unless specified as 'Account'. - Record payments for rent and insurance in prepaid accounts initially. - Information relevant to complete adjusting entries can be found in the top right section of this page. - The periods to which the rent and insurance apply commence on 1 June. - Round your calculations to the nearest dollar