MPA702 Assessment Task 1 Individual Assignment - Financial Interpretation

Part 1

Lee’s Computer System Consulting (LCS Consulting) began operations on first June 2021 and completed the following transactions during the month. Her clients will include local businesses and individuals. Her first month of transactions trading as LCS Consulting are provided below.

a) You are required to record the following events into the transaction analysis chart or indicating if the event is not an accounting event (template provided).

b) Prepare the classified Income Statement and Balance Sheet for the month ending 30 June 2021 for .

Please note that your answer to this part (1-b) must be presented after part (1-a) in the same file.