Professional Documents
Culture Documents
1 Month Transaction
1 Month Transaction
June 1-Ms. Pretty Look invested cash of P100,000 and her car valued at P300,000 in her business.
Cash 100,000
Transportation equipment 300,000
P. Look capital 400,000
3- Paid Pyramid Bldg the amount of P60,000 representing 1-month advance rental and 3 months
security deposit.
Rent expense 15,000
Security deposits 45,000
Cash 60,000
10- Renovated the office of Stronghold Inc. and received a 15-day, 9% note for P100,000.
Notes receivable 100,000
Service revenue 100,000
14- Billed Firm Co. for interior and furnishings of its office, P150,000. Terms: 3/15, n/30.
Accounts receivable 150,000
Service revenue 150,000
29-Paid the salary of the staff, P50,000 less SSS contributions, P2,000; Philhealth contributions -
P1,000; and Pag-IBIG contributions - P500.
Salaries expense 50,000
SSS contributions payable 2,000
Philhealth contributions payable 1,000
Pag-IBIG contributions payable 500
Cash 46,500