1. Invested P100,000 in cash to start her own business.

(Debit cash 100,000 and credit capital 100,000)

2. Paid P5,000 for one month's rent. (Credit cash 5,000 and debit rent expense 5,000)

3. Bought office furniture for P15,000 in cash. (Credit cash 15,000 and debit office furniture 15,000)

4. Made additional investment of computer equipment in the business, P178,000. (debit computer
equipment 178,000 and credit capital 178,000)

5. Performed services for P10,800 on credit. (debit accounts receivable 10,800 and credit service income
10,800)

6. Supplies In the amount of P9,000 are purchased on account. (debit office supply 9,000 and credit accounts
payable 9,000)

7. Performed services for P12,000 in cash. (debit cash 12,000 and credit service income 12,000)

8. Received P5,400 from clients on account. (debit accounts receivable 5,400 and credit service income
5,400).

9. Settled in full the amount owed on the purchase of supplies (credit cash 9,000 and debit accounts payable
9,000)

10. Received bill from Kho for advertising, P3,000. (credit accounts payable 3,000 and debit advertising
expense 3,000)

11. Received P7,000 in cash for services performed. (debit cash 7,000 and credit service income 5,000)

12. Billed clients for performed services for P12,000. (debit accounts receivable 12,000 and credit service
income 12,000)

13. Received and paid ill for the monthly telephone bill, P1,350. (credit cash 1,350 and debit communication
expense 1,350)

14. Collected P2,000 from clients on account. (debit accounts receivable 2,000 and credit service income
2,000)

15. Reyes withdrew P7,000 in cash for personal expenses. (credit cash 7,000 and debit Reyes withdrawal
7,000).