1.Atty. Mac N. Chiz, invested P200,000 cash in the business, Atty. Mac N.

Chiz Law
Office.
2.Purchased office supplies P5,000 from Office Supplies Center.
3.Atty. Mac N. Chiz Law Office billed it’s customer P20,000 for services rendered.
4.Purchased office equipment for P40,000 on credit from Office Supplies Center.
5.Paid the utilities for P6,000 in cash.
6.Purchased office supplies worth P2,000 from Office Supplies Center.
7.Issued a note for the P50,000 that the business borrowed from the bank.
8.Atty. Mac, received P10,000 cash from customer for the rendered service transactions
#3.
9.Atty. Mac, purchased office supplies worth P7,500 from Office Supplies Center, the
company agreed to allow Atty. Mac to pay the bill next month.
10.Paid the remaining balance for transactions #4.
11.Received payment for the service revenue in cash P10,000.
12.Rendered service on account P5,000.
13.Received the remaining balance for transaction #3.
14.Paid the remaining balance for transaction #4.
15.Used P1,000 worth of office supplies.
16.Atty. Mac, receives P5,000 in cash from billed customer
17.Paid P5,000 bill from office equipment.
18.Rendered service on account P8,000.
19.Atty. Mac pays the P50,000 bill from the bank.
20.Atty. Mac, bought additional office equipment for P10,000 and issued a note for
principal.