Journalizing FABM1
Here are the December transactions of the same year:
Dec 1 Paid office rent for the month of December, P12,000.
3 Received cash from clients on account, P54,200.
6 Paid advertising expense, P3,000.
9 Billed on account for office supplies used, P1,200.
12 Creditors' account were paid, P7,650.
15 Paid repairs for equipment, P1,750.
18 Miscellaneous expenses of P2,150 were paid.
21 Revenue earned and billed for the month, P92.400.
24 Gas and oil used for the equipment was paid, P3,650.
26 Paid salaries for the month, P20,750.
28 The handsome owner withdrew cash for personal use, P15,000.
30 Paid partial on note issued, P10,000.