I. The following are the transactions of David Law Office for March 2017.
March 3 Atty. Benjamin David made a cash investment of P 50,000 to start a law office.
March 4 Rented an office space at the Star Commercial Center and paid for the following: rent for March, P8,000, lease deposit, P 8,000.
March 5 Paid Mallari Construction Company for the renovations made on the leased space, P 7,500.
March 6 Purchased office furniture and equipment from Designs Enterprises, P 11,500. Term: 2/10, n/30.
March 7 Purchased additional office furniture and equipment from Caloocan Furniture Store, P 10,500. Term: On cash.
March 9 Received P 10,000 for legal services rendered to AMB Foundation.
March 10 Paid Printer's Supplies, Inc. for office supplies delivered. P 2,450.
March 11 Legal services rendered to Manuel Serrano, P 5,500. Term: n/15,
March 14 Paid the salary of Olga Crisostomo, a secretary-researcher, P 7,500. David obtained a loan from Jose Lucero, an associate, P 10,000.
March 15 David obtained a loan from Jose Lucero, an associate, P 10,000.
March 15 Paid in full Designs Enterprises.
March 17 Legal services rendered to 5 separate clients, P 4,550. Term: cash. Legal services rendered to Emil Camba, P 12,500. Term: N/10.
March 19 Legal services rendered to Emil Camba, P 12,500. Term: N/10.
March 20 Paid PLDT, P 1,880.
March 21Paid Meralco, P 1,540.
March 22 Miscellaneous expenses paid to various parties, P 4,510.
March 24 Collected in full the amount due from Manuel Serrano
March 25 Paid the loan due to Jose Lucero.
March 26 Legal services rendered to 3 separate clients, P 4,110. Term: cash
March 27 Additional legal service rendered to Emil Camba, P 7,500. Term: n/10
March 28 Collected half of the total amount due from Emil Camba.
March 29 Paid the salary of the secretary-researcher, P 7,500.
March 30 Bought additional furniture from Designs Enterprises, P 8,800. Term: 2/10.
March 30 David Withdrew cash for his personal use, P 5,000.
March 30 Collected the full amount due from Emil Camba.

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