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Date Transaction October 1 Invested P500,000 into the business by depositing the amount to the bank account October 2 Issued a check to pay for the business Insurance for 6 months-P36,000. October 3 Rendered services on account - P30,000 October 4 The owner invested his personal machineries to the business - P180,000 October 5 Purchased on credit supplies worth P22.000 from Office Plus October 8 Collected half of the receivables pertaining to October 3 transaction October 10 Rendered services and received cash-P45.000 October 14 Paid salaries to workers - P16,800 October 15 issued a check amounting to P3,450 for machine repairs October 20 Received bills for advertising for the month of October 5,500 October 21 issued a check to Office Plus to settle payables for the supplies October 25 Withdrew from the bank account of the business P3,000 for personal experises, October 26 Collected in full receivables arising from October 3 transaction October 30 Received billings for water and electricity consumption, P1,500 and P2,000 respectively. October 11 Paid salaries to workers - P16,800. The following account titles are used in recording Accounts Heceivable Accounts payable Advertising expense Cash Owner's Capital Owner's Drawing Prepaid insurance Repairs expense Service revenue Supplies Salaries expense utilities expense

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