Transcribed Image Text:XYZ COMPANY
JOURNAL VOUCHER BOOKS
... ......................
..............................
..............
FOR THE MONTH OF AUGUST AND SEPTEMBER
DATE
DESCRIPTION
AMOUNT
...........................
1
1-Aug Received cash from Singapore as capital requirement (in dollar currency)
13,048,750.00
........................
............ .
..........................
2
1-Aug Bank transfer from Cash - Dollar to Cash - Peso account
5,210,000.00
.........................
.....
.........
..........................**.
....................
3
15-Aug To record interest income for August 2019.
.. ..
22.52
4
31-Aug Security Deposit equivalent to 2 month service fees advance by Singapore and will be part of capitalization
293,098.40
5
31-Aug Rental for August and September 2019 advance by Singapore and will be part of capital requirements
180,046.16
.....
...................
6
31-Aug Accruals for professional fees of LCSV - August 2019
1,188,000.00
.................
........................................... .........................
..........................
7
30-Sep Depreciation Expense for September 2019 - Office Equipment
359.62
..............
8
30-Sep Depreciation Expense for September 2019 - Computer Equipment
16,443.45
9
30-Sep Revalue UBP USD Account - September 2019 (FX conversion)
29,420.29
....******...
......
..........
10
30-Sep Accruals for 13th and 14th month bonus (guaranteed)
504,583.33
Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
