Henry Jackstone established his very own fitness center named, HJS Fitness Center
on October 1, 2019. The following were the transactions during the quarter.
Date	Transactions	OR/Sales Invoice.
01/10/2019	Mr. Jackstone provided P3,000,000 cash as initial investment to the business.
01/10/2019	On this date, the owner invested equipment worth P500,000 to the business. The estimated life is 10 years.
01/10/2019	The business also paid the additional legal fees amounting to P25,000 needed to formalize the business transaction.	340056
02/10/2019	Obtained a 12%, one year, bank loan for P2,000,000. Principal is due at maturity date but the interest must be paid semi-annually starting March 1, 2020.
02/10/2019	Acquired several equipment for P2,000,000. The owner paid the 25% downpayment and will pay the rest in a 10 monthly installment plan. Useful life of these equipment is 8 years.	2809
03/10/2019	Hired 2 fitness trainors, 5 office employees, 2 sales persons and 3 maintenance employees.
05/10/2019	Paid the three months' rent in advance. Rent per month is worth P120,000. Asset method was used in recording the transaction.	90348
05/10/2019	Purchased 5 computer set costing P15,000 each that will be used by employees in the office. 3 sets were paid in cash while the remaining will be paid on account. Useful life is 6 years.	3894
06/10/2019	Acquired several workout accessories to be sold in the fitness center. These are worth P300,000 all in all.	256980
10/10/2019	Purchased supplies for P100,000 cash during the period. The business uses the expense method to record such transaction.	4690
10/10/2019	Paid advertising to promote fitness center and the first fitness class scheduled at the end of the month.	50097
	Pricing
	Membership for one month (30 days) workout P1,200 every end of the month.
	Walk-in applicants - P50 a day
	Fitness class fee (per session) - P300

11/10/2019	Amy applied for membership to workout on machines for 6 months. She paid it in advance. Liability method was used.	340001
11/10/2019	Blayke, a walk-in applicant went to the fitness for a workout.	340002
11/10/2019	Clyde applied for 1 month membership and paid on the same date.	340003
11/10/2019	Devora, Emma, Fin, Georgia, Harold and Irish enrolled for the first fitness class. Devora and Harold paid the fee while the others will pay after the fitness class. The business' tradition is to record similar transactions as debit A/R and credit Unearned Service Income for those students who did not yet paid the tuition fee but will be adjusted as soon as they have paid the amount.	340004; 340005
12/10/2019	Jasmin applied for 1 month membership and paid the fee on this date.	340006
12/10/2019	Kian purchased workout accessories worth P3000.	280001
13/10/2019	Lian, a walk-in applicant went to the fitness for a workout.	340007
13/10/2019	Blayke, a walk-in applicant went to the fitness for a workout.	340008
14/10/2019	Maria, Neil, Oprah, Peter enrolled for the first fitness class.

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