Assets Cash on Hand Cash in Bank Accounts Receivable Notes Receivable Dental Supplies Prepaid Rent Prepaid Insurance Land Building Dental Equipment Automobile Furniture & Fixtures Liabilities Accounts Payable Notes Payable Salaries Payable Utilities Payable Unearned Dental Fee Loans Payable Owner's Equity D, Capital D, Drawings Revenues Dental Fee Expenses Salaries Expense Utilities Expense Rent Expense Supplies Expense Transportation Expense Interest Expense The following is a listing of the transactions for the start of business and for the first month of the operations of D Dental Clinic: Jan 1 Invested P138,000 cash and a dental equipment worth P42,000. Jan 2 Purchased additional dental equipment for P40,000, paying P14,000 cash and the balance on credit. Jan 4 Purchased dental supplies worth P30,000 from his personal cash to be used in the business. Jan 7 Paid P14,800 rent for the month of January. Jan 9 Billed Customer A P26,700 for dental services. Jan 10 Paid P9,000 cash owed on dental equipment. Jan 13 Jan 15 The owner deposit P23,000 cash in a savings account. Collected P9,700 from Customer A. Jan 17 Jan 20 Jan 22 Jan 24 Jan 26 Jan 29 Hired an assistant with a monthly salary of P12,500 to start working on Feb 1. Purchased dental equipment worth P90,000 by issuing a promissory note. Received P55,000 in advanced from Customer X for future dental services. Borrowed cash from IPB Bank, P135,000, to be paid after 3 years. Received a bill from Meralco worth P26,500. The owner withrew P15,000 cash and P1,500 dental supplies for personal use.