4. Claire Eow (Wo), a Korean, opened Claire's Step and Sway ballet, stretch and tone. The following are the transactions for May: > Opened a bank account with a cash deposit of P500,000 for the business. 2 Signed a contract of lease for a suite in SM Megamall for a monthly rental of P30.000. Made a rent deposit of P150,000 which is good for five months. * A computer, fax machine and cell phone which are personal properties of Ms. Eow purchased for P68,500 just a month ago were transferred to the saloon. * Purchased a stereo set for use in the saloon worth P245,000 from Music World. Terms: down payment of P45,000, balance payable in two monthly installments starting at the end of the month. & Purchased stationery and supplies for office use and paid cash of P15,000. 10 Bought furniture and fixtures from a friend, Ms. Manabat, and gave a 50% down payment of P25,000. Issued a note for the balance due for payment within 15 days. Ms. Eow withdrew supplies worth P500 for personal use. 19 25 30 31 Paid the promissory note which matures today. Paid the first installment to Music World. Hired a beautician and a hair cutter for a monthly salary of P5,000 each. Required: a) Analyze the transactions using the Copyclear format. Extract the balances only after the last transaction. b) Prepare a statement of financial position as at May 31, 2019. 5 The CGolf Lane loo