TRANSACTION
DATE
NOV 3-Deposite P150,000 to the bankand invested office Cash in Bank
table and computer worth P80,0000 in the business Office Furniture and Equiome
E.Detoya,Capital
Initial investment
4-Bough various office stationeries and sipplies Supplies Inventory
an account. Account Payable
Purchase office supplies
5-Received cash of P15,000 for installation and design Cash in Bank
of accounting system. Professional Income
to record the installatio
7-Paid P6,000 convention fee for philippine Inatitute Professional Development Ex
of Certified Public Accountant. Cash in Bank
To record the payment
9-Paid P2,500 for transportation expense in visiting Travelling Expense
a client in Davao City Cash in Bank
to record expense in visi
10-Rendered professional service service on account Accounts Receivable
P10,000 Professional Income
Rendered Service on Ac
12-Receive cash P6,000 from Cebu Golden Plaza but Cash in Bank
prefessional service has yet to be rendered Unearned Professional Inc
Receive cash bout not ye
13-Salary advance given to this staff to be deducted againts Advances to Employment
payroll,P5,000 paid taxes and business permits for Taxes and License
cash,P4,500 Cash in Bank
to record advance of em
14-Paid P1,500 for telephone bills Postage and Tephone
Cash in Bank
Paid telephone bills
16-Collected in full the account of aa client on Cash in Bank
november 10, P10,000 Accounts Receivable
Collected the account at
17-Partial payment of account on nov.4,P3,000 Accounts Payable
Cash in Bank
Partial of Account
18-Bought street cabinet on account from cebu equipment Office furniture and equipme
supply,P25,000 Accounts Payable
Bought steel cabinet on
19-Received an electric and water bills P3,500 and im mediately Utilities Expense
made payment . (Utilities Expense) Cash in Bank
Paid the electric and wat
21-Mr.Deyota made a withdrawal from his bank account E.Detoya, Drawing
of P25,000 for his personal use. Cash in Bank
withdraw for personal u
22-Paid transportation expense in visiting a client in Travelling Expense
Zamboanga City,P3,000 Cash in Bank
Paid for visiting the client
3-Paid office rental of P5,500 Rental Expense
Cash in Bank
Paid office rental
24-Sent a brochure to a client in Davao City through Postage and Telephone
Aboitiz 2-Go,P2,500 Cash in Bank
Sent brochure to a client
25-Rendered a professional service fo cash to various Cash in Bank
client,P45,000 Professional Income
Rendered service for ca
26-Partial payment of account with cebu Equipment Accounts Payable
supply,P10,000 Cash in Bank
Partial Payment of acco
27-Received a loan from cebu accountant multi purpose Cash in Bank
cooperative nt of enternet f P3,000 payable sex (6) Prepaid Interest
months after Loans Payable
Received a loan from c
29-Received cash P15,000 as retairs fee from various Cash in Bank
clients. Professional Income
to record retainers fee fr
30-Paid salaries to his staff,P 18,000 net of P5,000 deduction Salaries in Cash
for salary advance of nov.13 Advances to employees
Cash In Bank
to record salaries to h
-Full payment of account with cebu equipment Accounts Payable
supply, P15,000 Cash in Bank
full payment of account
-Rendered professional service to Cebu Golden Plaza Uneanred Professional Incom
paying out the advanced payment received on Proifessional Income
nov.12 P6,000 Rendered service to ada
- Full payment of november 4 account P12,000 Accounts Payable
Cash in Bank
Full payment of nov.4
-Billed a client for professional service rendered Cash in Bank
P35,000 Professional Income
Billed from client
- Plane ticket to avail promotional face re-travel Professional Development E
to Manila to attend PICPA Convection,P6,200 Cash in Bank
avail promotional to att
-Send a PICPA bulletin through LBC Air Cargo Postage and Telephone
P1,200. Cash in Bank
Send a PICPA Bulletin
-Received cash from client fo professional service Cash in Bank
rendered,P8,000 Professional Income
to record service render
-Taxes fare claimed by staff while out in office Travelling Expense
for official busines,P850.00 Cash in Bank
PARTICULAR DEBOT CREDIT
Cash in Bank 150,000
Office Furniture and Equioment 80,000
E.Detoya,Capital 230,000
Initial investment
Supplies Inventory 15,000
Account Payable 15,000
Purchase office supplies on account
Cash in Bank 15,000
Professional Income 15,000
to record the installation payment
Professional Development Expense 6,000
Cash in Bank 6,000
To record the payment of candidate for CPA
Travelling Expense 2,500
Cash in Bank 2,500
to record expense in visiting client
Accounts Receivable 10,000
Professional Income 10,000
Rendered Service on Account
Cash in Bank 6,000
Unearned Professional Income 6,000
Receive cash bout not yet rendered
Advances to Employment 5,000
Taxes and License 4,500
Cash in Bank 9,500
to record advance of employment and paid taxes and license
Postage and Tephone 1,500
Cash in Bank 1,500
Paid telephone bills
Cash in Bank 10,000
Accounts Receivable 10,000
Collected the account at client on nov.10
Accounts Payable 3,000
Cash in Bank 3,000
Partial of Account
Office furniture and equipment 25,000
Accounts Payable 25,000
Bought steel cabinet on Account
Utilities Expense 3,500
Cash in Bank 3,500
Paid the electric and water bills
E.Detoya, Drawing 25,000
Cash in Bank 25,000
withdraw for personal use
Travelling Expense 3,000
Cash in Bank 3,000
Paid for visiting the client in Zamboanga City
Rental Expense 5,500
Cash in Bank 5,500
Paid office rental
Postage and Telephone 2,500
Cash in Bank 2,500
Sent brochure to a client in Davao
Cash in Bank 45,000
Professional Income 45,000
Rendered service for cash
Accounts Payable 10,000
Cash in Bank 10,000
Partial Payment of account
Cash in Bank 47,000
Prepaid Interest 3,000
Loans Payable 50,000
Received a loan from cebu accountants multipurpose
Cash in Bank 15,000
Professional Income 15,000
to record retainers fee from various clieents
Salaries in Cash 18,000
Advances to employees 5,000
Cash In Bank 13,000
to record salaries to his staff
Accounts Payable 15,000
Cash in Bank 15,000
full payment of account
Uneanred Professional Income 6,000
Proifessional Income 6,000
Rendered service to adavance payment on nov,12
Accounts Payable 12,000
Cash in Bank 12,000
Full payment of nov.4
Cash in Bank 35,000
Professional Income 35,000
Billed from client
Professional Development Expense 6,200
Cash in Bank 6,200
avail promotional to attend PICPA Convection
Postage and Telephone 1,200
Cash in Bank 1,200
Send a PICPA Bulletin
Cash in Bank 8,000
Professional Income 8,000
to record service rendered
Travelling Expense 850
Cash in Bank 850
CASH IN BANK ACCOUNTS RECEIVABLE
11/13 150,000 6,000 11/7 10-Nov 10,000 10,000 16-Nov
11/5 15,000 2,500 11/9
11/12 6,000 9,500 13-Nov
11/16 10,000 1,500 14-Nov SUPPLIES INVENTORY
11/25 45,000 3,000 17-Nov 4-Nov 15,000
11/27 47,000 3,500 19-Nov
11/29 15,000 25,000 21-Nov
11/30 35,000 3,000 22-Nov ACCOUNTS TO EMPLOYEES
11/3 8,000 5,500 23-Nov 13-Nov 5,000 5,000 30-Nov
2,500 24-Nov
10,000 26-Nov
13,000 30-Nov PREPAID INTEREST
15,000 30-Nov 27-Nov 3,000
12,000 30-Nov
6,200 30-Nov
1,200 30-Nov PROFESSIONAL INCOME
850 30-Nov 15,000 5-Nov
331,000 120,250 10,000 10-Nov
210,750 45,000 25-Nov
15,000 29-Nov
6,000
35,000
8,000
134,000
OFFICE FORR AND EQUIPMENT LOANS PAYABLE
3-Nov 80,000 50,00O
8-Nov 25,000
105,000
E.DETOYA CAPITAL
ACCOUNTS PAYABLE 230,000 3-Nov
27-Nov 3,000 15,000 4-Nov
26-Nov 10,000 25,000 18-Nov
30-Nov 15,000 E.DETOYA DRAWING
30-Nov 12,000 21-Nov 25,000
40,000 40,000
UNEARNED PROFESSIONAL INCOME
30-Nov 6,000 6,000 12-Nov
27-Nov
