R. Vasquez Law Office Transactions 2020

April 1 Invested P200,000 cash and a law library with a fair market value of P150,000.
2 Purchased P10,000 office equipment, paying P2,000 cash as down payment and a promisorry note for the balance 4 Purchased P2,500 office suplies on credit from Austria Trading.
7 Completed legal work for G. Alajar and received P14,000.
14 Paid insurance premium P5,400 15 Paid salary of secretary P5,600.
16 Completed legal work for S. Soriano P15,000 on account.
18 Paid the account due to Austria Trading.
20 Complete legal work for F. Cruz on account P16,000.
25 Received P5,000 from S. Soriano as partial payment of his account.
26 Withdrew P1,000 for personal use. 28 Completed legal work and received P10,000 from a client.
30 Paid monthly utility bills P6,500
30 Paid salary of secretary P5,600.
30 S. Soriano paid in full the balance of his account.

CHART OF ACCOUNTS
101Cash
301 R. Vazquez, capital
102 Account Recivable
301 R. Vasquez, drawings
103 Office supplies
104 Office Equipment
401 Professional Income
105 Law Library
501 Insurance Expense
201 Account Payable
502 Salary Expense
201 Note Payable
503 Utility Expense pasagot naman pls.​