85000

Aug 1 Cash 0
Office
Equipment 30000
F. De Asis,
Capital 880000
Initial
Investment
 Taxes and Licenses 350
2 Expenses 0
350
Cash 0
Paid barangay and
municipal taxes
 50000
3 Building 0
25000
Cash 0
25000
Mortgage Payable 0
Purchased
condominium unit
 400
5 Office Furniture 00
Accounts Payable- 4000
MANSION 0
Purchased office tables
and chairs
 2000
6 Accounts Receivable 0
2000
Service Income 0
Billed clients for services
rendered
 450
7 Office Supplies 0
Cash 4500
Purchased office
supplies
 Accounts Payable- 200
8 MANSION 00
2000
Cash 0
Paid 50% of the account
 5100
9 F. De Asis, Drawing 0
5000
Cash 0
Office Supplies
Withdrew cash and office 1000
supplies
 Repairs and Maintenance
10 Expense 400
Cash 400
Paid repair cost of the
compute
 500
11 Cash 0
Service Income 5000
Received cash for
services rendered
 100
12 Cash 00
Accounts
Receivable 10000
Collected of the
account
 300
13 Prepaid Rent 00
3000
Cash 0
Paid one year rent
 2500
14 Prepaid Insurance 0
2500
Cash 0
Paid one year insurance
 425
15 Salaries Expense 0

Cash 4250

Paid salaries