Reference no: EM132867715

Atty G. Conception Started a Notary Public Business as of June 2019.

Journalize with explanation, Posting and prepare unadjusted trial balance of the following transactions below (numbers are counted as Dates):

1. Atty. G. Concepcion began the practice of the law by investing P20, 000 in cash and a law library of P30, 000.

2. Paid the monthly rental of the office space P2, 000.

3. Purchased office equipment, P5, 000 and office supplies, P1, 000.

4. Completed legal work for S. Cuneta and collected P4, 000 cash

5. Purchased additional office equipment from M. Soriano on credit, P5,500

6. Paid the semi-monthly salary of the office secretary P3, 250.

7. Completed legal work for J. de Belen on credit, P1, 500.

8. Paid one-half of the amounts due to M. Soriano.

9. J.de Belen paid her account in full.

10. Withdrew P1, 000 from the practice for personal expenses.

11. Completed legal work for Security Bank on credit, P15, 000.

12. Paid the monthly telephone bill, P750.

13. Paid in full the account due to M. Soriano.

14. Security Bank paid its account in full

15. Purchased additional office supplies for cash, P1, 000.

16. Bought equipment from E & E trading on credit, P15, 000.

17. Purchased from NBS Bookstore office supplies worth P1, 000 cash.

18. Billed XYZ Corp. for P12, 200 for legal services rendered.

19. Completed legal work for R. Ricketts and collected P9, 500.

20. Paid P5, 000 to E&E Trading as partial payment of its account.

21. Paid P7, 500 cash for legal books ordered and received.

22. Received in cash professional fees of P17, 000 from various clients.

23. XYZ Corp. paid one-half of its account.

24. Paid the telephone bill for the month, P500.

25. Paid the secretary's salary, P4, 500.

26. Paid the rent of the office space, P6, 000.

27. Received P5, 000 from a client for legal service rendered.