Angela de Dios, a business graduate student who was working as an employee in Think Computer, decided to become an entrepreneur, and put up an internet shop. The following transactions were completed for the month of March, 2012: Mar 01 Angela started an internet shop called Playnet.com by investing her savings of PhP50,000, and the proceeds from the sale of her car of PhP300,000. Mar 05 Angela hired two (2) workers to assist her in the shop. Mar 10 Two-month Rent Deposit was paid in Cash, Php10,000. Mar 15 Paid PhP15,000 for building materials to fix the shop, PhP8,000 for Furniture, and PhP45,000 for two (2) air conditioning units. Mar 20 Purchased supplies for Cash, PhP1,500. Mar 25 The shop was ready for the installation of the computer units. Angela purchased twelve (12) units of computer hardware from Think PC. She paid 50% in Cash, PhP125,000, and issued a note for the balance payable in twenty four (24) equal monthly installments starting April 20, 2012