Al Buraimi Education, a business that specializes in education services. In November, 2021 Al Buraimi Education conducted the following transactions:
A. In Nov 2, Al Buraimi Education purchased supplies cash costing 2,500.
B. In Nov 30, Al Buraimi Education determined that the supplies on hand are 1,000.
C. In Nov 3, Al Buraimi Education paid cash 600 for a one-year fire insurance policy. Coverage started from Nov 1.
D. A part of the Insurance expires each month as agreed with Al Buraimi Education.
E. In Nov 5, Al Buraimi Education purchased equipment cash costing 3,000.
F - In Nov 30, Al Buraimi Education determined that depreciation on the equipment is
480 a year.
G. In Nov 7, Al Buraimi Education performed services worth 200, but the client did not
pay the amount.
H . In Dec 5, the client paid cash the amount of 200 for the services performed in Nov 7
Q1: Record the above transactions using the Accounting Equation.
Q2 : Prepare the adjusting entries for the month of November (Joumalizing)
Q3: Post to the ledger and display the balance in end account after all the transactions have been posted.