I need the solution to be in Excel. I tried to do it but I believe there something is not correct. Please check both files.
Scenario: Thomas Mueller decided to start a very basic hairdressing shop, Hair Port. He only does cuts, blow waves and color (using the client’s own purchased packet of hair dye.) He began business on January 1, 2019. He initially invested SAR150,000 cash from personal funds, and borrowed an additional SAR100,000 from a local bank. Thomas immediately leased space, and ordered and received various items of furniture, fixtures, and equipment. Furniture and fixtures are anticipated to a have a 5-year life. With the exception of the deposits on January 1 to start the business, all other receipts are related to providing services to clients. Tasks You are required to use Excel to perform the following tasks: Part 1: Establish and Operate a cash basis accounting system for Hair Port a) General Journal b) General ledger c) Trial Balance Appendix: 1