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 30-Nov
35,000 30-Nov
8,000 30-Nov
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

POSTAGE AND TELEPHONE

UNEARNED PROFESSIONAL INCOME 14-Nov 1,500
30-Nov 6,000 6,000 12-Nov 24-Nov 2,500
30-Nov 1,200
5,200
PROFESSIONAL DEVELOPMMENT EXPENSE
7-Nov 6,000
30-Nov 6,200
12,200
 TRAVELLING EXPENSE
27-Nov 9-Nov 2,500
22-Nov 3,000
30-Nov 850
6,350

RENT EXPENSE
23-Nov 5,500

SALARIES EXPENSE
30-Nov 18,000

UTILITES EXPENSE
19-Nov 3,350

TAXES AND LISENSE

4,500 13-Nov
 E.DETOYA BUSINESS
Trial Balance
For the Month-ended November
ACCOUNT TITLE
DEBIT
CASH IN BANK 210.75
PREPAID INTEREN\ST 3,000
SUPPLIES INVENTORY 15,000
OFFICE FUNITURE AND EQUIPMENT 105,000
LOANS PAYABLE
E.DETOYA CAPITAL
E.DETOYA DRAWING 25,000
PROFESSIONAL INCOME
PROFESSIONAL DEVELOPMENT EXPENSE 12,200
POSTAGE AND TELEPHONE 5,200
TRAVELLING EXPENSE 6,350
RENT EXPENSE 5,500
UTILITIES EXPENSE 3,500
SALARIES EXPENSE 18,000
TAXES AND LICENSE 4,500
414,000
h-ended November

CREDIT

50,000
230,000

134,000

414,00