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  • Ma Taray

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    Rose Marie Eslit Mabingnay
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    The document records 13 journal entries made by Mataray Law Office in May 2022. It shows various cash receipts and payments as well as expenses incurred. These include the receipt of cash from capital contribution, purchase of office furniture on credit, prepayment of insurance, and payment of supplies, rent, salaries and other expenses. It also records collection of fees and payment of liabilities. The trial balance at the end of the month matches debits and credits from all accounts.

    Original Description:

    Accounting

    Original Title

    MA-TARAY

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    The document records 13 journal entries made by Mataray Law Office in May 2022. It shows various cash receipts and payments as well as expenses incurred. These include the receipt of cash from capital contribution, purchase of office furniture on credit, prepayment of insurance, and payment of supplies, rent, salaries and other expenses. It also records collection of fees and payment of liabilities. The trial balance at the end of the month matches debits and credits from all accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views8 pages

    Ma Taray

    Uploaded by

    Rose Marie Eslit Mabingnay
    The document records 13 journal entries made by Mataray Law Office in May 2022. It shows various cash receipts and payments as well as expenses incurred. These include the receipt of cash from capital contribution, purchase of office furniture on credit, prepayment of insurance, and payment of supplies, rent, salaries and other expenses. It also records collection of fees and payment of liabilities. The trial balance at the end of the month matches debits and credits from all accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    JOURNAL ENTRIES

    MAY
    1 CASH 20,000.00
    CAPITAL

    2 OFFICE FURNITURE 20,000.00


    CASH
    NOTES PAYABLE

    3 PREPAID INSURANCE 3,600.00


    CASH

    4 OFFICE SUPPLIES 2,000.00


    ACCOUNTS PAYABLE

    5 RENT EXPENSE 4,000.00


    CASH

    6 ACCOUNTS RECEIVABLE 12,000.00


    PROFESSIONAL FEES

    7 ACCOUNTS PAYABLE 1,000.00


    CASH

    8 CASH 8,000.00
    ACCOUNTS RECEIVABLE

    9 SALARIES EXPENSE 5,000.00


    CASH

    10 DRAWINGS 4,000.00
    CASH

    11 SUPPLIES EXPENSE 800.00


    OFFICE SUPPLIES

    12 DEPRECIATION EXPENSE 400.00


    ACCUMULATED DEPRECIATION

    13 INSURANCE EXPENSE (3,600/12)


    PREPAID INSURANCE
    T ACCOUNTS

    CASH
    20,000.00 20,000.00 8,000.00
    8,000.00 3,600.00
    4,000.00
    8,000.00 1,000.00
    12,000.00 5,000.00
    4,000.00
    28,000.00 25,600.00
    3,600.00 2,400.00

    2,000.00 OFFICE FURNITURE


    20,000.00

    4,000.00

    12,000.00 PREPAID INSURANCE


    3,600.00 300.00
    3,300.00
    1,000.00

    8,000.00 ACCOUNTS PAYABLE


    1,000.00 2,000.00
    1,000.00
    5,000.00

    4,000.00 ACCOUNTS RECEIVABLE


    12,000.00 8,000.00
    4,000.00
    800.00

    400.00 SALARIES EXPENSE


    5,000.00
    300.00
    300.00

    SUPPLIES EXPENSE
    800.00

    ACCUMULATED DEPRECIATION
    400.00
    CAPITAL
    20,000.00

    NOTES PAYABLE
    12,000.00

    OFFICE SUPPLIES
    2,000.00 800.00
    1,200.00

    RENT EXPENSE
    4,000.00

    PROFESSIONAL FEES
    12,000.00
    DRAWINGS
    4,000.00

    DEPRECIATION EXPENSE
    400.00

    INSURANCE EXPENSE
    300.00
    TRIAL BALANCE
    MA TARAY LAW OFFICE
    TRIAL BALANCE
    FOR THE MONTH ENDED MAY 2022

    ACCOUNT NAME DEBIT CREDIT

    CASH Php 2,400.00


    PREPAID INSURANCE 3,300.00
    ACCOUNTS RECEIVABLE 4,000.00
    OFFICE SUPPLIES 1,200.00
    OFFICE FURNITURE 20,000.00
    ACCUMULATED DEPRECIATION Php 400.00
    ACCOUNTS PAYABLE 1,000.00
    NOTES PAYABLE 12,000.00
    CAPITAL 20,000.00
    WITHDRAWALS 4,000.00
    PROFESSIONAL FEES 12,000.00
    SALARIES EXPENSE 5,000.00
    RENT EXPENSE 4,000.00
    DEPRECIATION EXPENSE 400.00
    INSURANCE EXPENSE 300.00
    SUPPLIES EXPENSE 800.00
    TOTAL Php 45,400.00 Php 45,400.00

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