Exercise accounting To illustrate the complete accounting cycle, we will consider the following list of selected transactions. The transactions were completed by Bati Transport in the month of January 2012. January 1. Ato yimer took Birr 450,000 from his personal savings and deposited it in the name of Bati transport. January 2. Bati Transport purchased two used trucks for Birr 150,000 each, on cash. January 4. Bati Transport received a check for Birr 650 for services given to Alem Trading. January 4. Received an invoice for truck expenses Birr 90. January 11. Paid Birr 600 for Awash Insurance Company to buy an insurance policy for its trucks. January 16. Ato Yimer issued a check for Birr 9,400 to the workers as a salary for two weeks. January 20. Bati transport Billed Muradu’s Supermarket for goods transported from Djibouti to Adama Birr 2,650 January 21. Ato Yimer wrote a check for birr 450 to have one of the trucks repainted Janua
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