1. V-Yasay invested P20,000 cash to start his business
2. purchased equipment worth P5,000 on account from Cebu Equipment Co.
3. paid one month on office rent of P1,000
4. purchased office supplies in cash P480
5. collected service revenues from customers P5,900
6. paid salary on employee,P900
7. paid utilities expense,P1,000
8. charged customer on account, P3,300
9. used up P200 of supplies during the month in operating the company (transaction 4)
10. Collecting P2,000 from the customers (transaction 8)
11. Withdrew P500 cash for personal use
12. Paid cebu equipment co. p3,000 (transaction 2)