12/1/2019 -The company purchased supplies on Tinta Co amounting for Php 30.000, on account Tthe company promised to pay 50% of the amount at the end of the month

12/3/2019 - Collected Php 50,000 on advanced from Mt Pentagon for the printing of tarpaulin

12/7/2019 - Received the Electricity Bill for the month of November and paid a total of Php 15,293.61 in cash.

12/15/2019 - The tarpaulins were collected by Mr. Pentagon but only 30% were printed. The remaining 70% will be collected next inonth.

12/17/2019 - Purchased additional printing machine for Php 40,000 on account.

12/20/2019 - Delivered orders for the Valentines card amounting to Php 12,000, Mr. Lauv and Blue and Grey Co, decided on an agreement thnt he will pay the amount on Jan uary 5, 2020.

12/22/2019 - Received rush order of New Year's photocards for Ms. Fire, she already paid a total of Php 5,000 and will collect her photocards on December 28, 2019.

12/24/2019 - Paid New Year's bonus to employees amounting to Php 50,000

12/28/2019 - Ms. Fire collected all of her photocards.

12/31/2019 - Paid Tinta Co. 50% of Php 30,000 for supplies.

1/3/2020 - Paid Php 20,000 for their printing machine,

1/4/2020 - All remaining tarpaulins were collected by Mr. Pentagon

1/5/2020 - Received payment by Mr, Lauv amounting to Php 12,000.

1/6/2020 - Received new orders for photocards by Ms. Fire for a total of Php 8,000. She paid the 30% as down pay ment and will complete the payment upon receiving orders on January 18, 2020

Required: Prepare general journal with explantion