In October of the current year, the following transactions took place.

Oct 1 Nestor Martel invested 60,000 cash to put up his law firm
6 Office furniture costing 15,595 was purchased from EZ Furniture
Company
8 Office supplies costing 2,323 was bought for cash
11 Received cash from City Bank 69,690 for loan applied to be used in his
law firm
14 Purchased on credit a desktop computer and printer for office use
costing 60,000 from Micro System Inc.
16 Received 12,250 cash for legal services rendered to Jose Lopez
18 Paid 2,500 for the rent
20 Received 10,500 cash for legal services rendered to clients
22 Various customers were billed for legal services rendered, 16,400
25 Paid partial payment to Micro System, Inc, 45,000
26 Collected the accounts from various clients, 10,500
27 Light and water expenses for the month was paid, 2,500
28 The salary of the secretary was paid, 5,500
29 Nestor Martel withdrew 12,000 for personal use
30 Received 5,000 for legal services rendered.

Assets Liabilities Capital