DATE ACCOUNT TITLE AND EXPLANATION

5//15/19
A. Cash P157,000
Mulles, Capital
To record Mulles` initial investment
B. Office equipment P15,150
Cash
To record office equipment for cash
C. Office Equipment P57,500
Mulles, Capital
To record transfer of personal computer to the business
D. Computer Software P39,000
Cash
Accounts Payable
To record partial payment on purchased computer software on account
E. Rent Expense P5,300
Cash
To record payment of rent
F. Cash P5,160
Account Receivables
To record service rendered on account
G. Signage P9,000
Cash
Accounts Payable
To record partial payment on purchased signage on account
H. Advertising Expense P3,230
Accounts Payables
To record of advertisment expense on account
I. Supplies P2,290
Accounts Payables
To record purchased supplies on account
J. Utilities Expense P1,140
Cash
To record payment of bills
K. Accounts Payable P3,230
Cash
To record payment of advertisment
L. Cash P10,900
Account Receivables
To record sevice performed on account
M. Salaries Expense P8,400
Cash
To record payment of salaries
N. Mulles, Withdrawals P4,500
Cash
To record withdrawals from the owner
P157,000

P15,150

P57,500

P15,000
P24,000

P5,300

P5,160

P5,000
P4,000

P3,230

P2,290

P1,140

P3,230

P10,900

P8,400

P4,500