Develop a General Journal for the list of transactions.
At the end of this module you will complete a unit project. You can start to work on this project as you work through the lessons. In the module 2 project, you will imagine that you are the new accountant for The Make-Up & Hair Showcase and you need to use the accounting stationery to complete the accounting procedures.GoalTo record all the transactions listed below accurately and properly.RoleRecently you have been hired as the new accountant for The Make-Up & Hair Showcase. Use the attached accounting stationery to complete the accounting procedures.AudienceYour work will be reviewed by any government agency involved in the accounting procedures of The Make-Up & Hair Showcase. The more accurate the information and records of the business are, the better the management can make more informed decisions concerning the business.SituationThe Make-Up & Hair Showcase is owned by Sue Owens. It has been in business for six months. The business is structured as a sole proprietorship and sells makeovers, hair styling, and other beauty enhancing. The business earns revenue from two different areas; 1- Makeovers, 2- Hair styling. You are taking over the accounting work as of March 1. The transactions for March have not been logged in a journal.Product, Performance.Develop a General Journal for the list of transactions. Use the Chart of Accounts to help identify the accounts that are affected in each transaction. You may not use all the accounts listed.Use the General Journal below to log the transaction above.makeup_GJ.xls (Links to an external site.)Your responsibilities as the accounting clerk are as follows:Analyze each business transaction.Enter each business transaction in the makeup_GJ starting on page 1.When done, make sure that the debit balance is equal to the credit balanceSubmit the completed journal.Standards and Criteria for SuccessYour performance needs to pull together all the concepts and procedures you have learned in this unit.Accuracy of the general journalAccuracy of the financial documents
