Requirement 3.

Cash
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 1,129,800 P 1,129,800
Dec. 1 Acquired contract of Agustin Tiongco P 225,000 P904,800
Dec. 2 Collection from season-ticket holders P 2,809,500 P 3,714,300
Dec. 3 Payment of accounts payable. P 1,657,500 2,056,800
Dec. 4 Payment for advertising. P 78,600 1,978,200
Dec. 10 Payment of notes payable P 600,000 1,378,200
Dec. 11 prepaid insurance for the month of June to 1,162,950
December. P 215,250
Dec. 15 Paid salaries of players. P 1,136,250 26,700
Dec. 17 Collection of receivables from the play-off 3,342,750
games in cash. P 3,316,050
Dec. 19 Payment of travel expense to San Alcantara. P 558,000 2,784,750
Dec. 20 Payment for laundry. P 12,600 2,772,150
Dec. 23 Payment of accounts payable. P 941,850 1,830,300
Dec. 25 Payment of miscellaneous expenses. P 26,850 1,803,450
Dec. 26 Payment of medical expenses P 18,900 1,784,550
Dec. 27 payment of utilities. P 210,450 1,574,100
Dec. 28 paid salaries of players P 1,240,450 333,450.
Dec. 30 Withdrawal in cash for personal use. P 250,000 P 83,450

Accounts Receivable
Date Explanation J.R. Debit Credit Balance
Dec.1 Beginning Balance P 3,712,500 P 3,712,500
Dec. 2 P 2,809,500 P 903,000
Dec. 9 P 320,250 P 1,223,250

Uniform Supplies
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 31,050 P 31,050
Dec 5 P 30,750 P 61,800
Prepaid Insurance
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance
Dec. 11 P 215,250 P 215,250

Land
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 2,025,000 P 2,025,000

Training Facilities
 Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 12,750,000 P 12,750,000

Training Equipment
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 2,944,500 P 2,944,500

Player Contracts
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 13,125,000 P 13,125,000

Notes Payable
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 1,800,000 P 1,800,000
Dec. 1 P 1,650,000 P 3,450,000
Dec. 10 P 600,000 P 2,850,000

Accounts Payable
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 4,725,000 P 4,725,000
Dec. 3 P 1,657,500 P 3,067,500
Dec. 5 P 30,750 P 3,098,250
Dec. 12 P 319,500 P 3,417,750
Dec. 23 P 941,850 P 2,475,900

Mortgage Payable
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 10,500,000 P 10,500,000

Fabella, Capital
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 17,643,750 P 17,643,750

Fabella, Withdrawals
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 1,875,000 P 1,875,000
Dec. 30 P 250,000 P 2,125,000

Game Attendance Revenue

Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 10,125,000 P 10,125,000
Dec. 9 P 320,250 P 10,445,250
Dec. 17 P 3,316,050 P 13,761,300

Salaries Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 4,875,000 P 4,875,000
Dec. 15 P 1,136,250 P 6,011,250
Dec. 28 P 1,240,650 P 7,251,900

Advertising Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 400,950 P 400,950
Dec. 4 P 78,600 P 479,550

Travel Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 1,532,400 P 1,532,400
Dec. 4 P 558,000 P 2,090,400

Laundry Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 528,000 P 528,000
Dec. 20 P 12,600 P 540,600

Medical Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 194,550 P 194,550
Dec. 20 P 18,900 P 540,600

Utilities Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 1,734,000 P 1,734,000
Dec. 27 P 210,450 P 1,944,450

Miscellaneous Expense
Date Explanation J.R. Debit Credit Balance
Dec. 1 Beginning Balance P 130,500 P 130,500
Dec. 25 P 26,850 P 157,350