1. Owner invests cash in the business. 2 Pays insurance in advance for six months. 3. 4. 5. Pays secretary's salary. Purchases office supplies on account. Pays electricity bill. 6. Borrows money from local bank. 7. Makes payment on account. 8. Receives cash due from customers. 9. Provides services on account. 10. Owner withdraws assets from the buliness. Assets Liabilities Owner's Capital Account 0 :P