1.

The business owners invests P1000 and in return the business issues P1000 in stock
2. The owner further loans P2000 to fund its activities
3. He later spends P300 in cash on office supplies
4. It further spends P500 on cleaning supplies. The payment is made on account.
5. The owner made a profit of P1500 doing its business

CASH STOCK LOANS PAYABLE

P 1000 P 1000
2000
P 300
1500

P4,200 P 1000

SUPPLIES ACCOUNTS PAYABLE REVENUE

P 300 P 500
500

P 800 P 500
LOANS PAYABLE
P 2000

P 2000

P 1 500

P 1 500