July 1 Mr. Pamilya invested P30,000 cash and service equipment worth P30,000 in the business.

July 1 The business obtained a loan from Banco de Oro, P50,000.

July 2 Bought office supplies, P10,000 cash.

July 3 Paid for business permits and licenses, P2,000.

July 10 Mr. Pamilya hired one personnel with a weekly salary of P1,000 to look after the business.

July 10 The business paid salary of the employees for the week, P1,000.

July 16 Received P8,000 cash for services rendered.

July 17 The business paid salary of the employees for the week, P1,000.

July 21 Billed a customer for services rendered on account, P2,000.

July 24 The business paid salary of the employees for the week, P1,000.

July 27 Mr. Pamilya withdrew cash from the business, P500

July 28 Collected the amount billed to a customer, P2,000

July 29 Paid rent for the month, P10,000 cash

July 29 Received an electric bill from BEBECO, P2,500.

July 31 The business paid salary of the employees for the week, P1,000.