1) SALE OF PRODUCT PhP500 a) INCOME b) EXPENSE 2) ELECTRICITY BILL PhP1,200 a) INCOME b) EXPENSE 3) SALARIES AND WAGES OF THE EMPLOYEES PhP5,000 a) INCOME b) EXPENSE 4) RECEIVED PAYMENT FOR SERVICES PhP2,000 a) INCOME b) EXPESE 5) PURCHASE OF SUPPLIES PhP800 a) INCOME b) EXPENSE 6) RENT EXPENSE PhP3,000 a) INCOME b) EXPENSE 7) CUSTOMER REFUND PhP500 a) INCOME b) EXPENSE

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