Albertos Computer Shop

On October 01, 2000, Mr Alberto opened a computer rental shop. The following transactions occurred during the month:

1. Oct. 01, 2000: Mr Alberto invested P500,000 cash in the computer rental shop.

2. Oct. 02, 2000: Mr Alberto bought 10 units of computer at P30,000 each for the shop. The computers were delivered the next day with Mr Alberto fully paying the supplier in cash.

3. Oct. 05, 2000: Some tables and chairs were purchased from Deluxe Furniture Co. for P10,000 to be paid on the following terms: 50% within 10 days and the balance within 30 days.

4. Oct. 12, 2000: Mr Alberto borrowed from P300,000 from a bank, which he promised to pay by December 2000.

5. Oct. 15, 2000: A payment of P5,000 representing 50% of the liability to Deluxe Furniture Co. was made in accordance with the terms of credit.

6. Oct. 20, 2000: Mr Alberto bought 2 laser printers worth P50,000 for use in his computer rental shop. He paid for these printers in cash.

7. Oct. 23, 2000: Mr Alberto bought 10 toner cartridges worth P15,000 as supplies for his printers.

8. Oct. 25, 2000: Mr Alberto borrowed P1,000,000 from a bank which is to be paid after 5 years.

Prepare the balance sheet for Albertos Computer Shop as of October 31, 2000.