Use the Journal Entry System in QuickBooks for the following transaction:

1. On April 1, the owner invested P3,000,000 cash on hand as initial capital of the business. (Use
your Last name for the capital account).
2. On April 2, the business paid rent P150,000 for 3 months.
3. On April 2, the business purchased furniture and fixtures, P85,000 on account. (Oakwood
Furniture’s, supplier; Marcus Silva, owner).
4. On April 3, the business purchased office supplies amounting to P40,000 through cash on hand.
(Greenleaf Supplies, supplier; George Agustin, owner).
5. On April 4, the business purchased computer equipment for P70,000, 50% paid in cash while the
remaining balance was made on account (Joshua Ortega, supplier).
6. On April 4, bookkeeping services was rendered on cash, P100,000 (Zeal Landscaping Services,
Inc., customer; Gwyneth Valdez as the owner).
7. On April 5, paid professional fees amounting to P30,000 to JR Consultants (Ace Santos, owner).
8. On April 7, accounting services was rendered on account, P250,000 (Innovative Marketing, Inc.,
customer; John David as the owner).
9. On April 9, the business paid P20,000 for computer equipment purchased on account.
10. On April 10, the business paid utilities expense of P5,000 to Expedite Solutions Inc. (Marie
Crew, owner).
11. On April 12, the business received 40% of its collectibles from Innovative Marketing, Inc.
12. On April 15, the business paid salaries expense of P70,000 to its employees.
13. On April 20, billed Matthew Chavez, P90,000 for accounting services.
14. On April 23, paid P25,000 miscellaneous expenses.
15. On April 25, the business purchased additional office supplies on account, P25,000 (Greenleaf
Supplies, supplier; George Agustin, owner).
16. On April 30, the business paid salaries expense of P70,000 to its employees.
17. On April 30, the one-month rent has expired.
18. On April 30, the owner withdrew P50,000 for personal use.