Microfinance and cooperative accounting

The adjustments are made on the end of fiscal period, June 30 7. Joumal entries for the month of January, 2017 Jan.5 Received Membership Fee P1.500 per member and Loan Disbursement No of days CV No Interest Check Principal Rate No The transactions for the month of January, 2018 are as follows: Jan 1 Registration of the Organization, payment of P 35,000 CV 01 Check No Jan. 2 Received Donation from Mabuhay Corporation P1.5 million OR 001 Jan. 2 Payment of Rent for 2 months with monthly rent of 20,000 CV 02 Jan 30 Received donation from Senator Mayaman, P 300,000 OR No 009 Jan 31 Payment of salaries with 10% withholding tax, P150,000 CV No 13 Check No Problem 1 0001 Check No 0002 OR Lisa 002 03 3% 0003 90,000 Laya 003 04 5% 0004 85,000 lan 004 05 2% 0005 50,000 Ira 005 06 4% 0006 65,000 Ferdie 006 07 2.5% 0007 40,000 Jan. 8 Acquisition of Equipment for 120,000 down payment of P30,000 payment of balance end of the month CV No 08 Check No 0008 Jan. 15 Payment of salaries with 10% withholding tax, P150,000 CV No 09 Check No 0009 Jan. 18 Acquisition of Supplies P125,000 CV No 10 Check No 0010 Jan 25 Payment of Utilities P 38,000 CV No 11 Check No 0011 Jan 28 Received Grant from USAID $15,000 ( exchange rate $1:51) OR NO OOS Jan. 29 Acquisition of Furniture and Fixture for P250,000 down payment 40% balance within 30 Days CV No 12 Check No 0012 21 days 23 days 30 days 22 days 35 days 0013 REQUIREMENT: 8. Trial Balance 9 Closing Entry 10. Income Statement 11. Balance Sheet The adjustments are made on the end of fiscal period, June 30 7. Joumal entries for the month of January, 2017 Jan.5 Received Membership Fee P1.500 per member and Loan Disbursement No of days CV No Interest Check Principal Rate No The transactions for the month of January, 2018 are as follows: Jan 1 Registration of the Organization, payment of P 35,000 CV 01 Check No Jan. 2 Received Donation from Mabuhay Corporation P1.5 million OR 001 Jan. 2 Payment of Rent for 2 months with monthly rent of 20,000 CV 02 Jan 30 Received donation from Senator Mayaman, P 300,000 OR No 009 Jan 31 Payment of salaries with 10% withholding tax, P150,000 CV No 13 Check No Problem 1 0001 Check No 0002 OR Lisa 002 03 3% 0003 90,000 Laya 003 04 5% 0004 85,000 lan 004 05 2% 0005 50,000 Ira 005 06 4% 0006 65,000 Ferdie 006 07 2.5% 0007 40,000 Jan. 8 Acquisition of Equipment for 120,000 down payment of P30,000 payment of balance end of the month CV No 08 Check No 0008 Jan. 15 Payment of salaries with 10% withholding tax, P150,000 CV No 09 Check No 0009 Jan. 18 Acquisition of Supplies P125,000 CV No 10 Check No 0010 Jan 25 Payment of Utilities P 38,000 CV No 11 Check No 0011 Jan 28 Received Grant from USAID $15,000 ( exchange rate $1:51) OR NO OOS Jan. 29 Acquisition of Furniture and Fixture for P250,000 down payment 40% balance within 30 Days CV No 12 Check No 0012 21 days 23 days 30 days 22 days 35 days 0013 REQUIREMENT: 8. Trial Balance 9 Closing Entry 10. Income Statement 11. Balance Sheet