COLLEGE OF BUSINESS AND

ECONOMICS.
Accounting AND FINANCE department.

FUNDAMENTAL S OF accounting I
Group assingment.

no Name of Group members id signature section

1 Eskedar Belachew Ugr/1370/15 2

2 Elias Nasir Ugr/6662/15 2
3 Birutawit Habite Ugr/5099/15 2
4 Christina muluken Ugr/5771/15 2
5 Dagim Tesfaye Ugr/2611/15 2

Submitted to :Mr Kassaye T.

Submission Date: 07/11/2023
AH Consultancy Services
January 3 to January 31,2021
No Name of Account Classification Effect
Affected
1 Cash Asset Increased by $20,000
Alemu Haba Capital Capital Increased by $20,000

2 Equipment Asset Increased by $30,000

Additional Investment Capital Increased by $ 30,000

3 Office Supplies Asset Increased by $ 3,000

Account Payable Liability Increased by $ 3,000

4 Cash Asset Increased by $ 20,000

Service Revenue Capital Increased by $ 20,000

5 Cash Asset Decreased by $ 3,000

Advertising Expense Capital Increased by $ 3,000

6 None None None

None None None

7 Cash Asset Increased by $ 10,000

Alemu Haba, Capital Capital Increased by $ 10,000

8 Account Receivable Asset Increased by $ 15,000

Service Revenue Capital Increased by $ 15,000

9 Cash Asset Increased by $ 5,000

Equipment Asset Decreased by $ 5,000

10 Cash Asset Increased by $ 5,000

Account Receivable Asset Decreased by $ 5,000

11 Cash Asset Decreased by $ 2,000

Account Payable Liability Decreased by $ 2,000

12 Cash Asset Decreased by $ 8,000

Equipment Asset Increased by $ 8,000

13 Cash Asset Increased by $ 4,000

Bank Loan Liability Increased by $ 4,000

14 None None None

None None None

15 Cash Asset Decreased by $ 12,500

Wages Expense Capital Increased by $ 6,000
Rent Expense Capital Increased by $ 4,500
Utilities Expense Capital Increased by $ 1,200
Others Expense Capital Increased by $ 800

16 None None None

None None None

17 Cash Asset Decreased by $ 450

Bank Loan Liability Decreased by $ 400
Interest Expense Capital Increased by $ 50

18 Cash Asset Decreased by $ 5,000

Alemu Haba, Drawing Capital Increased by $ 5,000