On Nov. 1 2019, Arlyn Villanueva purchased a pest-control company from its previous owner.

Villanueva paid P520,000 from her personal checking account for assets consisting of pesticide
supplies, P175,000 and spraying equipment , P345,000. The company is to operate under the
name of Villanueva Pest Control. The following transactions occurred during the month of
November:

Nov. 1 Villanueva invested additional P230,000 in the business.

2 Pest control service for customers was done on account, P42,000.

3 Pesticide supplies were acquired on account, P39,500.

6 Spraying equipment costing P67,000 was acquired on account.

8 Pest control service for customer was rendered for cash in the amount of P87,000.

10 Repairs were made to the equipment, P28,500 was paid in cash.

14 Paid P17,000 for pesticides supplies acquired on Nov. 3.

15 Rendered pest control service for customers on account, P63,000.

17 Paid for utilities, P9,500.

24 Paid P51,500 in salaries.

27 Withdrew P66,000 for personal use.

29 Collected P12,000 for pest control services done on Nov. 2.

Required: Establish the following accounts in a financial transaction worksheet: Cash;

Accounts Receivable; Pesticide Supplies; Spraying Equipment; Accounts Payable and Villanueva,
Capital. Record in the worksheet the transactions listed above.