Accounting principles to accurately capture business transactions

    Scenario You were recently hired as an entry-level bookkeeper for a service business that recently opened. This is the first month in operation for the business and your first task is to record business transactions for their first month using the source documents and transaction data the owner will provide to you. Because this is a small business that does not use computerized accounting, you will apply the accounting cycle in Excel to record transactions and generate financial reporting results for the owner. Prompt Record Financial Data: Use accepted accounting principles to accurately capture business transactions for the month in the Company Accounting Workbook Template (https://learn.snhu.edu/content/enforced/1188253-ACC-201-R2153-OL-TRAD-UG.22EW2/Course Documents/ACC 201 Company Accounting Workbook Template 1.xlsx?_&d2lSessionVal=CDpeCsk7CsGy4HB6MGYTQnalq&ou=1188253) using the data provided in the Accounting Data Appendix document (https://learn.snhu.edu/content/enforced/1188253-ACC-201-R2153-OL-TRAD-UG.22EW2/Course Documents/ACC 201 Accounting Data Appendix 1.docx?_&d2lSessionVal=CDpeCsk7CsGy4HB6MGYTQnalq&ou=1188253). Specifically, you must address the following rubric criteria: • Accuracy: Prepare entries that are accurate in that they fully reflect the appropriate information. • Completeness: Prepare entries that are complete for each month, including transferring posted entries to T accounts. • Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the “Trial Balance” tab of the company accounting workbook, ensuring that the total debits and credits match.