1. Atty. Mac N. Chiz invested 200,000 cash to open his law office.

2. Purchased office supplies worth 5,000 in cash.

3. Rendered services to a customer worth 20,000 on account.

4. Purchased office equipment 40,000 on account.

5. Paid specific expenses (rent expense) worth 6,000 in cash.

6. Purchased office supplies worth 2,000 in cash.

7. Borrow 50,000 using a note payable to the bank, due in 2 years.

8. Receives 10,000 in cash from billed customers.

9. Receives a bill for 7,500 from a designer clan for designing his office law but postpones payment
until a later date.

10. Pays its 30,000 bill from a designer clan.

11. The owner invested 10,000 cash to his law office.

12. Perform services to a customer and it bills 5,000 on account.

13. Receives 10,000 in cash from billed customers.

14. Paid specific expenses (utilities expense) worth 10,000 on cash.

15. Atty. Mac N. Chiz withdrew 1000 for his office supplies personal use.

16. Receives 5,000 in cash from billed customers.

17. Pays its 5,000 bill to a technician services.

18. Perform services to a customer and it bills 8,000 on account.

MADURA, GENNY
19. Paid borrowed money with a promissory note worth 50,000 in cash.

20. Purchased office equipment worth 10,000 with a promissory note that will pay next year.

Describing business transactions