Question Details

•Name and product of your business. •Type of business: Must be a service business •Sole Proprietorship or Partnership. •Chart of Accounts-consider the following: â—¦What assets your company will require â—¦Your investment â—¦Revenue â—¦At least 3 expenses â—¦Your capital and withdrawal accounts â—¦If a partnership, research how to set up the capital accounts •Discuss the internal controls necessary for your business. Consider how the Sarbanes-Oxley Act applies. •Develop journal entries for the first month. You must have the following, at a minimum: â—¦Initial investment â—¦Revenue/sales â—¦3 expenses â—¦Owner- withdrawal(s) •Post these to the ledger. •Develop a trial balance. 


I already have my service business which is a transport agency my Assets and 
liabilities include: Assets: Cars (40 numbers) Telephone system for receiving calls Invoice generating device Office building Car tracking/monitoring device Drivers, call attenders etc. Liabilities: Mortgage on office building Repayment of loan on cars Etc. 

Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help