4 6 9 10 Problem 2. The Sprite Laundry Services was opened along the university belt by Carmina Dela Cruz on December 1 with a cash investment of P50,000 and furniture and fixtures worth P5,000. The following additional transactions occurred during the month: 2 Purchased four wash machines worth P6,000 each from Automatic Centre on account. 3 Rented a store space for a monthly fee of P5,000, which was paid on the same date. Hired a clerk and two workers at a total monthly salary of P12,000. 5 Bought washing supplies and paid cash of P4,500. Rendered services to the boarders of Laredo's Dormitory and received P4,500 in cash. Bought equipment worth P6,000 on credit Billed the following clients for washing services rendered: San Lazaro boarders-Mitch Eulogio P1,000 and Helen Narvasa, P500; Holy Spirit boarders-Kristy Gatdula, P1,500 and Myrna Tan, P750. Cash receipts for washing services rendered to Marietta Dormitory, P5,000. Paid P1,500 for taxes and licenses. Collected 50% of the account of Mitch Eulogio. Paid half of the monthly salaries of the clerk and workers. Collected P500 each from the following account customers: Helen Narvasa, Kristy Gatdula and Myrna Tan Collected P10,00 cash for wash services rendered to Lucas Dormitory. 25 Received bill from Meralco, P4,550 Paid the Meralco bill. Paid half of the monthly salaries of the clerk and workers. 11 13 14 15 16 10. Refer to Problem 2, determine the balance of Accounts 11. Refer to Problem 2, determine the balance of Supplies account. 12. Refer to Problem 2, determine the balance of Furniture and 13. Refer to Problem 2, determine the balance of Equipment account. 14. Refer to Problem 2, determine the balance of Accounts Payable 15. Refer to Problem 2, determine the amount of profit. Receivable account. Fixtures account. account. 17 26 31 Use the following accounts: Cash, Accounts Receivable, Supplies, Furniture and Fixtures, Equipment, Accounts Payable, and Dela Cruz, Capital. Determine the balance of Cash account