1. Adams made initial investment of the ff:
Cash 1,000,000
Books 100,000
Computers 120,000
Tables 80,000
2. Borrowed 200,000 from City Bank giving a note therefor.
3. Income collected and billed:
Cash collected from students 22,000
Cash collected from service 21,000
Notes accepted from students 13,000
Tuition billed to others are:
Jose 2,800
Dan 3,500
