Purpose of Assessment Develop specific strategies with supporting tactics to implement positive change within an organization. You may refer to the information that you prepared in Week 5 to complete this assignment, but your submission should add to your prior research and not just copy your Week 5 assignment.Scenario: You’ve been hired as a consultant to develop strategies with supporting tactics to implement positive changes in the corporation you chose in Week 5.Review your analysis of the corporation’s change process from Week 5 to be sure you have a thorough understanding of the change and the need for the change.Prepare a 12- to 13-slide Change Management Presentation for the company’s Board of Directors. Include the following:Evaluate why this change needed to occur.Discuss how this change impacts the company on a global scale.Discuss how this change impacts employees.Using Kotter’s 8-Step Change Model, chart strategies and tactics for positively implementing the organizational change. In your chart, complete the following:Develop strategies for each of the 8 steps in Kotter’s modelDevelop tactics to support each strategyJustify the effectiveness of each strategy and tactic with a rationale.Conclude your presentation with an explanation of how this positive organizational change will help the company sustain a competitive advantage in the global market.

The following transactions were completed during July, the second month of the business's operations:July 1. Peyton Smith made an additional investment in PS Music by depositing $5,000 in PS Music's checking account.1. Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music store. Paid rent for July, $1,750.1. Paid a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period.2. Received $1,000 cash from customers on account.3. On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. The contract requires PS Music to provide a guest disc jockey for 80 hours per month for a monthly fee of $3,600. Any additional hours beyond 80 will be billed to KXMD at $40 per hour. In accordance with the contract, Peyton received $7,200 from KXMD as an advance payment for the first two months.3. Paid $250 to creditors on account.4. Paid an attorney $900 for reviewing the July 3 contract with KXMD. (Record as Miscellaneous Expense.)5. Purchased office equipment on account from Office Mart, $7,500.8. Paid for a newspaper advertisement, $200.11. Received $1,000 for serving as a disc jockey for a party.13. Paid $700 to a local audio electronics store for rental of digital recording equipment.14. Paid wages of $1,200 to receptionist and part-time assistant.Enter the following transactions on Page 2 of the two-column journal:16. Received $2,000 for serving as a disc jockey for a wedding reception.18. Purchased supplies on account, $850.July 21. Paid $620 to Upload Music for use of its current music demos in making various music sets.22. Paid $800 to a local radio station to advertise the services of PS Music twice daily for the remainder of July.23. Served as disc jockey for a party for $2,500. Received $750, with the remainder due August 4, 2019.27. Paid electric bill, $915.28. Paid wages of $1,200 to receptionist and part-time assistant.29. Paid miscellaneous expenses, $540.30. Served as a disc jockey for a charity ball for $1,500. Received $500, with the remainder due on August 9, 2019.31. Received $3,000 for serving as a disc jockey for a party.31. Paid $1,400 royalties (music expense) to National Music Clearing for use of various artists' music during July.31. Withdrew $1,250 cash from PS Music for personal use.PS Music's chart of accounts and the balance of accounts as of July 1, 2019 (all normal balances), are as follows:InstructionsEnter the July 1, 2019, account balances in the appropriate balance column of a four-column account. Write Balance in the Item column and place a check mark (✓) in the Posting Reference column. (Hint: Verify the equality of the debit and credit balances in the ledger before proceeding with the next instruction.)Analyze and journalize each transaction in a two-column journal beginning on Page 1, omitting journal entry explanations.Post the journal to the ledger, extending the account balance to the appropriate balance column after each posting.Prepare an unadjusted trial balance as of July 31, 2019.