Statement of Performance Statement of Equity Statement of Financial Position Statement of Cash Flows Closing Entries Post-Closing Trial Balance 10 Column Worksheet

The following transactions occurred during February. February 1 Deposit in a current P80, 000 to be used for the law office as initial investment. 5 Purchased various lawbooks from A \& A Book Store, P11, 500, issuing check for P4,500 and the balance payable in 30 days. 10 Secured the necessary business license and mayor's permit, P1,500 cash. 14 Received P15, 300 cash as retainer's fee from various clients. 18 Sent a bill to Qubee Manufacturing for legal services rendered, P20, 000. 19 Paid the miscellaneous office supplies used during the month, P980. 25 Pertormed services to his client with advanced payment last month, P1, 750. 26 Withdrew P1, 500 cash for personal use. 27 Paid the Salary of secretary for the month, P4,500. 28 Transferred lawbooks to the law office worth P15, 000 from his personal library as additional investment. Additional Chart of Accounts to be used: 155 Accumulated Depreciation -Equipment, 215 Utilities Payable 302 Santos Withdrawals, 401 Service Revenue, 501 Salaries Expense, 504 Office Supplies Expense, 505 Utilities Expense, 509 Taxes and Licenses Expense, 515 Depreciation Expense-Equipment, 600 Income Summary At the end of the period, the following adjusting entries were made