Account Title Classification Financial Normal Balance

Statements
Date Transactions

Jan 2 An Amount of P36,000 was paid in advance for three months

Paid P60,000 cash on the purchase of equipment costing

Jan 3
P80,000. The remaining amount is on account.

Jan 4 Purchase office supplies costing P17,600 on account

Provided services to its customers and received P28,500 in

Jan 13
cash

Jan 13 Paid the accounts payable on the office supply on January 4

Paid wages to its employees for the first 2 weeks of January,

Jan 14
amounting P19,100
Provided 54,100 worth of services to its customers.
Jan 18 They paid P32,900 and promise to pay the remaining
amount
Received P15,30 from customers or the services provided on
Jan 23
January 18

Jan 25 Received P4,000 as an advance payment from customers.

Jan 31 Received and electricity bill of P2,470