Professional Documents
Culture Documents
July 1. Owner invested Php 500,000 cash along with computer equipment
that had a market value of php. 120,000 two years ago but was now worth Php. 100,000 only.
July 2. Paid php. 15,000 cash for the rent of office space for the month.
July 4. Purchased php. 12,000 of additional equipment on credit (due within 30 days).
July 8. Completed a work for a client and immediately collected the php. 32,000 cash.
July 10. Completed work for a client and sent a bill for php. 27,000 to be paid within 30 days.
July 12. Purchased additional equipment for php. 8,000 in cash.
July 15. Paid an assistant php. 6,200 cash as wages for 15 days.
July 18. Collected php. 15,000 on the amount owed by the client.
July 25. Paid php. 12,000 cash to settle the liability on the equipment purchased.
July 28. Owner withdrew php. 500 cash for personal use.
July 30. Completed work for another client who paid only php. 40,000 for 50% of the system design.
July 31. Paid salary of assistant php. 700.
July 31. Received PLDT bill, php. 1,800 and Meralco bill php. 3,800.
4 Equipment P 12,000
Accounts Payable P 12,000
Purchased equipment on credit.
8 Cash P 32,000
Service Income P 32,000
Completed work for a client.
12 Equipment P 8,000
Cash P 8,000
Purchased equipment in cash.
18 Cash P 15,000
Accounts Receivable P 15,000
Collected accounts receivable.
30 Cash P 40,000
Accounts Receivable P 40,000
Service Income P 80,000
Received 50% of the completed work.
nt
rth Php. 100,000 only.
thin 30 days).
32,000 cash.
paid within 30 days.
rchased.