The following transactions are related to ABC Consultancy Business for the month of May 2018.

May 1: The following were the initial balances to start the business:
Cash......................................................................... Br 5900.00
Supplies................................................................... 550.00
Office Equipment.................................................... 10,000.00
Accounts Payable.................................................... 400.00
May 1: ABC received Br 720 in advance from a customer for three month contract service.
May 2: ABC paid Br 800 for rent expense of the month of August.
May 4: ABC Purchased Office Equipment on account for Br 7,000.
May 5: ABC paid Br 180 for miscellaneous expenses.
May 8: ABC paid the amount owed to a creditor, amounting for Br 400.
May 11: ABC received Br5,000 in cash from consultancy revenues.
May 13: ABC recorded Fees revenue on account of Br 1,750.
May 14: ABC paid Br1,250 for a two-week salary to its workers.
May 15: ABC paid on account Br 3,500 to its creditor for the August 4 transaction.
May 18: ABC received on account of Br 1,150 from August 13 transaction.
May 21: ABC purchased supplies for Br 1,450 in cash.
May 25: ABC paid Br 550 for utilities expense of the month.
May 28: ABC paid Br1250 for a two-week salary to its workers.
May 29: ABC received Br 2,750 in cash from service revenue earned.
May 30: ABC recorded Fees revenue earned on account for Br 1,200.
May 30: The owner, Mr Abdu, withdrew Br 1,000 for his personal use.
Required record the above transaction and show trial balance, Income statement and balance
sheet of this month.
Trial balance for session 1

ABC Consultancy Business

Trial Balance
August 30, 2005
Account Title Account Debit Credit
No
Cash 11 5,140
Fees Receivable 12 1,800
Supplies 13 2,000
Office Equipment 15 17,000
Account Payables 21 3,500
Unearned Revenue 22 720
Bedilu, Capital 31 16,050
Bedilu, Drawing 32 1,000
Fees Revenue 41 10,700
Salary Expense 51 2,500
Rent Expense 52 800
Utilities Expense 54 550
Miscellaneous Expense 55 180 _____
Total 30,970 30,970