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Mepare Atty. Richard Opinion for the month of November 20A, its first month of operation: 1. Foot the above T-accounts 2. Prepare a Trial Balance

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Mepare Atty. Richard Opinion for the month of November 20A, its first month of operation: 1. Foot the above T-accounts 2. Prepare a Trial Balance 3. Extract the basic accounting equation, A=L+OE Footing the ledger and Trial Balance Preparation a Trial Balance from the following T-accounts. These were taken from the records of Cash on Hand 1 Accounts Receivable 2 Office Supplies Invty. 3 1) P 650,000 3) 50,000 2) P15,000 13) P15,000 7) P17,000 5) 10,000 50,000 2) 4) 35,000 30,000 6) 9 4,000 15,000 8) 13) 6,370 10) 5,800 11) 25,000 12) 5,000 Library 4 Furniture & Fixtures 5 Accounts Payable 6 1 P 200,000 3) P150,000 12) P 5,000 7) P 17,000 Notes Payable 7 R. Opinion, Capital 8 R. Opinion, Drawing 9 3) P100,000 1) P850,000 5) P50,000 Staff's Salary Retainer's Income 11 12 Legal Fees Income 10 4) P35,000 11) P25,000 2) P25,000 9) 20,000 9) 10,000 Taxes and Licenses 15 Utilities Expense Travelling Expenses 14 13 10) P5,800 6) P 4,000 8) P 6,370 Required

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