The owner contributed 900,000 cash to the business The business purchased inventory worth P100,000 on cash basis. Oct. 4 The business purchased inventory worth P200,000 on account Oct 8 The business sold goods for $300.000 cash. The cost of the goods sold is $120,000 Oct.12 The business sold goods for P200.000, on account. The cost of the goods sold is $280,000 Oct. 15 The business paid 400,000 accounts payable