DATE ACCOUNT TITLES AND EXPLANATION P.

R DEBIT CREDIT
2019
Oct. 1 Cash 350,000
Magpantay, Capital 350,000
Deposited in a business account.

3 Prepaid Rent Expense 40,500

Cash 40,500
Advance rent payment.

5 Photography Equipment 129,000

Magpantay, Capital 129,000
Personal equipment transfer.

7 no entry

8 Office Equipment 54,000

Cash 54,000
Office equipment purchased for cash

10 Photography Equipment 75,000

Cash 75,000
Received and paid photography equipment.

12 Supplies 21,000
Accounts Payable 21,000
Supplies purchased on credit

13 Cash 11,400
Photography Revenue 11,400
Receive cash for unbilled portrait

17 Accounts Receivable 22,500

Photography Revenue 22,500
Billed Customers for portraits

19 Accounts Payable 10,500

Cash 10,500
Fifty percent of supplies purchased were paid

25 Utilities Expense 3,600

Cash 3,600
Electricity Bill paid.
26 Utilies Expense 2,100
Cash 2,100
Telephone Bill paid

28 Cash 7,500
Accounts Receivable 7,500
Payments from billed customers

29 Salaries Expense 12,000

Cash 12,000
Personnel salaies paid

30 Cash 1,500
Unearned Revenues 1,500
Received advance payment from customers.

31 Magpantay, Withdrawals 16,000

Cash 16,000
Withdrawal of cash for emergency