PADILLA PAINTING SERVICES

July
2 Cash P 400,000
Equipment 40,000
Padilla's Capital P 440,000

3 Equipment 250,000
Cash 50,000
Notes Payable 200,000

4 Purchases 12,000
Accounts Payable 12,000

5 Cash 25,000
Service Revenue 25,000

6 Purchases 3,000
3,000

7 Cash 18,500
Service Revenue 18,500

8 Prepaid Insurance 4,000

Cash 4,000

11 Cash 15,000
Accounts Receivable 15,000

12 Wages Expense 5,000

Cash 5,000

13 Cash 22,000
Service Revenue 22,000

15 Accounts Payable 12,000

Cash 12,000

20 Supplies 2,170
Equipment 5,630
Accounts Payable 7,800

22 Utilities Expense 6,395

Acccounts Payable 6,395
23 Cash 12,500
Accounts Receivable 12,500

24 Padilla Drawings 6,000

Cash 6,000

25 Cash 47,000
Service Revenue 47,000

31 Wages Expense 5,000

Cash 5,000