PROJECT
BEKA authorized accounting firm is a sole proprietorship owned by BEKA ABDETA and providing accountancy services to its clients. The account balance of the business as of November 1, 2015 is shown as follows
Account Title
Cash 50,500
Account Receivable 25,000
Supplies 2,500
Office Equipment 15,000
Account Payable 5,000
BIEKA, Capital 88,000
During the month of November 2015, the business has made the following transactions Date Transaction occurred during the month
Nov. 02 Paid one year office rent of Br 24,000 for the business starting from November 1,2015
Nov. 12 Provided accountancy service to ABC Co. for Br 15,000on account
Nov. 15 Purchased stationary materials (supplies) for Br 2,500 on account
Nov. 16 ATO BIEKA has withdrawn Br 2,600 for his personal consumption
Nov. 17 Provided accountancy service to LANGANO trading for Br 10,000 cash
Nov. 22 Paid salary of Br 13,500 for its employees
Nov. 28 Partially collected Br 12,000 from ABC Co. for the service rendered on nov 12

Additional Info. Office supplies on hand at the end of the month worth Br 3,500
Required tasks:
Task 1.1 Pass journal entries for the above transactions
Task 1.2 Post the entries to T-accounts
Task 1.3 Prepare unadjusted trial balance on November 30, 2015
Task 1.4 Pass the adjusting entries and post them on November 30, 2015
Task 1.5 Prepare adjusted trial balance on November 30, 2015
Task 1.6 Prepare the Finacial Statement
Task1.7 prepare closing entries
Task1.8 prpare post closing trial balance