Analysis.

Analyze the following transactions. Transaction No$.1$ is given as an example:

The asset, Cash and Repair Equipment were increased. Increases in assets are recorded by debits. Debit cash, P $10,000$; Debit Repair Equipment, P $4,000.$ The owner's equity, Roland Barrio, Capital was increased. Increase in owner's equity is recorded by credits. Credit Roland Barrio, capilal $P14,000.$

Poland Barrio opened a Repair Shop by investing $P10,000$ cash and repair equipment worth $P4,000.$

Paid $P2,000$ for one month's rent.

Purchased repair supplies on account, P $1,000.$

Purchased additional repair equipment on account, $P3,000.$

Received cash for repair services, P $800.$

Rendered repair services on credit, P $700.$

Paid assistant's salary for the month, P $1,500.$

Accepted cash for repairs completed, P $3,800.$

Paid for repair supplies purchased in No$.3.$

Withdrew $P2,000$ from business for personal use.

II$.$ Application.

Record the transactions of Ludivico Alejo in a two$-$column joumal.

January $1$ Paid rent for the month: P$7,500.$

$2$ Purchased office equipment on account: $10,000.$

$8$ Purchased supplies for Cash: $1,500.$

$10$ Paid advertising expense: $1,700.$

$15$ Fees eamed and billed to customers for the month: $21,000.$

$20$ Paid creditor on account: $5,000.$

$24$ Withdrew cash for personal use: $5,000.$

$29$ Paid telephone bill for the month: $1,500.$

$30$ Received cash from customers on account: $15,500.$

$31$ Paid for repairs & maintenance: $950.$

$31$ Paid utilities for the month: $1,300.$