Santos law office
Create a statement of performace general ledger, general journal, STATEMENT OF CASH FLOWS, a CLOSING JOURNAL ENTRIES, and a POST-CLOSING TRIAL BALANCE and 10 column of worksheet for the following problem.
Deposit in a current P80,000 to be used for law office as initial investment.
Purchased various lawbooks from A&A bookstore P11,500 using check for 4,500 and the balance payable for 30days
Secured the necessary business licensed and mayors permit P1,500 cash
Received 15,300 cash as retainers fee from various clients
Sent a bill to qubee manufacturing for legal services rendered, P20,00
Paid the miscellaneous office supplies used during the month, 980
Performed services to his client with advanced payment last month, 1,750
Withdrew 1,500 cash for personal use
Paid the salary of secretary for the month, 4,500
Transferred lawbooks to the law office worth P15,000 from his personal library as additional investment
Create a statement of performace general ledger, general journal, STATEMENT OF CASH FLOWS, a CLOSING JOURNAL ENTRIES, and a POST-CLOSING TRIAL BALANCE and 10 column of worksheet for the following problem.
Deposit in a current P80,000 to be used for law office as initial investment.
Purchased various lawbooks from A&A bookstore P11,500 using check for 4,500 and the balance payable for 30days
Secured the necessary business licensed and mayors permit P1,500 cash
Received 15,300 cash as retainers fee from various clients
Sent a bill to qubee manufacturing for legal services rendered, P20,00
Paid the miscellaneous office supplies used during the month, 980
Performed services to his client with advanced payment last month, 1,750
Withdrew 1,500 cash for personal use
Paid the salary of secretary for the month, 4,500
Transferred lawbooks to the law office worth P15,000 from his personal library as additional investment