Prepare Accounting Equation for his bookkeeping office for the month of December 31, 2010

1 John Atienza invested 300,000 for his Bookkeeping office

2 Purchased office supplies P10000 and office equipment P100000

3 Paid 10000 for the rent of space

4 Purchased furniture and fixtures for the office, P5000

5 Paid taxes and license P10000

6 Paid AAA Channel for the advertisement of office, P3000

7 Service Income for the 1st week is amounting to P20000

8 Paid salaries to staff, P10000

9 Service Income for 2nd week, P35000

10 Purchased additional equipment for 15000 on account from XYZ Company

11 John withdraw cash from the business, P10000

12 Service Income for the 3rd week, P45000

13 Render services to ABC Company amounting to P25000 payment is not yet given

14 Salary of the staff P15000

15 Payment of utility expense, P15000 Internet fee 2000

16 Service Income for the 4th week 60,000

17 Submit some papers to BIR and consume transportation expense 2000