The books of accounting for Basswood Furniture must be completed manually, and the financial statements submitted in the proper format for grading. You’ll upload the following financial statements according to the instructions found in this study unit:• Balance sheet• Income statementThis project is a simulation of an actual accounting period. While no two businesses are exactly alike, this project is a representation of the types of transactions and procedures you’ll encounter in business bookkeeping. The only difference is that you’ll encounter more of them in the normal course of business. For example, in the project you may make a deposit with only two or three checks. In an actual business, your deposit can easily have 15 or 20 checks. Whether you have 2–3 or 15–20, it’s all the same. Volume doesn’t make for dif- ferent accounting procedures in most casesWhat you’ve learned throughout the program will be used in completing this project. Any concepts that haven’t been cov- ered during the program will be addressed during the course of the project. Therefore, if you’re unsure about what to do, go back through the program materials and workbooks. Review the concept and apply your understanding to the situation as presented in the instructions.Everything you need to complete the project is contained within the project materials in an orderly fashion. The best way to understand what to do for this project is to read through the instructions at least once or twice before attempting to begin the project. This will allow you to become familiar with what needs to be done and how all the parts of the project (forms, journals, ledgers, financial statements, etc.) fit together.

Read: Chapter 19: Finding and Evaluating InformationChapter 20: Synthesizing and Documenting SourcesComplete the two following research assignments :Part One:Before completing this course, students are required to demonstrate knowledge of the fundamentals of research and proper documentation. This week you are to complete a Library Scavenger Hunt assignment. Through this exercise, you will practice your research and documentation skills. You may complete this assignment by using either online or library resources. To successfully complete the library research assignment, you must answer each of the questions on the Library Scavenger Hunt document (accessible, as an attachment, through the Week Five link above). Your grade on this assignment is based on how you answer each question and how you document your sources. In addition to the MLA documentation information provided in your textbook's Appendix, you should also reference the External Links section of your course to access updated information on MLA documentation through the "MLA Formatting and Style Guide." Refer to this resource, your Lectures - Week Five folder, and your course textbook's Appendix when responding to the questions within the Library Scavenger Hunt assignment. As mentioned above, your grade on this assignment is also dependent upon how you document your sources (the "MLA Formatting and Style Guide" and the textbook's Appendix will tell you how to properly cite your sources using MLA documentation guidelines). The Library Scavenger Hunt assignment is due Sunday, June 3, 2018.Part Two:This week, you must also complete a Citation Exercise assignment designed to help you practice incorporating research in your student essays for the purpose of supporting your claims. The assignment is accessible, as an attachment, through the Week Five link above. Specific instructions and an example of how to properly complete the Citation Exercise are included in the attachment. Follow the instructions carefully. If you have any questions about this assignment, please do not hesitate to contact me.The Citation Exercise is also due Sunday, June 3, 2018 .Note: Your Week Five grade is based on both of these assignments. Each of these assignments is worth 10 points (for a total of 20 points possible). You will receive one grade only for your Week Five work. Be sure to do both assignments!