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TRANSACTIONS
Mrs. Evangeline Pingoy made an initial cash investment
Rendered professional service on account
Collected cash from a client account
Withdrew cash from the business for personal use
Bought a car by paying a downpayment and the balance on account
Paid the rent for the month
Paid Salaries for the month
Paid the balance of the car acquired in full
Bought office cabinet on account
Received promissory note for services rendered
Rendered professional service for cash
Transferred to the business the personal computer of Mrs. Pingoy
Borrows money from the bank
Pays its monthly telephone bill
Collected the promissory note of the customer

39 Rendered professional services, half of the price was paid in cash by the
customer while the balance was on account
40 Mrs Pingoy took the car out of the business and uses it for personal
purposes

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ASSET

LIABILITY

OWNER'S EQUITY