RPM Consulting Services has the following transactions for the month of June 2022.

CHART OF ACCOUNTS

Assets: Liabilities: Revenues:

Cash Accounts Payable Professional fees income
Accounts Receivable
Office supplies Capital/Equity: Expenses:
Office Equipment R. Mendez, Capital Taxes and licenses
Rent expense
Salaries expense

June 2 – The owner Rhian Mendez invested P50,000 for her business.
June 3- Paid for permits and licenses for a total amount of P5,800.
June 4 – Paid rental for the business space, P4,000.
June 5 – Rendered services to clients, P3,000.
June 6- Bought office supplies for the business, P450.
June 7 – Rendered services for cash P4,000 and on account P10,000.
June 10 – Bought computer set on account, P35,000.
June 13 – Rendered services to a client, P5,000.
June 14 – Collected one half of the client’s account last June 7.
June 15 – Paid salaries to office assistant , P3,900.
June 20 – Made a partial payment for its account on June 10, P20,000.
June 25 – Rendered services to various clients for a total amount of P15,000. Of this amount,
P8,000 was on account.
June 30 - Paid salaries to office assistant , P3,900.

Required: Using the given Chart of Accounts, prepare journal entries for the month of June for
RPM Consulting Services. Use the template below.

Journal entries:

Date Particulars / Account DEBIT CREDIT