Answer the following transactions with solution and explanation on how did you get the answer from numbers 1-15. Please read and follow the direction

JOURNALIZATION AND THE BOOK OF ORIGINAL ENTRY book of original entry called the Journal. Recording all the transactions in a single journal is Journalization is the process of recording chronologically business transactions in the possible but it is seldom used in actual practice unless the business is a wholesaler with few special journals may be designed to be able to record the transactions conveniently. Special transactions. Where a business organization is quite large and the transactions are numerous, disbursements journal. All other transactions as well as the adjusting, closing and reversing journals include the following: sales journal purchases journal, cash receipts journal and cash entries are recorded in the general journal. If the company is using the voucher system, the check register and voucher register are used instead of the cash disbursements journal and purchases journal. The use of special journals facilitates specialization and division of work thus minimizing recording and posting time. Exercise 13 Direction: Below are the selected transactions of Casey's Bookstore. Indicate by means of letters the journals to be used: A. sales journal B. cash disbursements journal C. Purchases journal D. cash receipts journal E general journal where each of the following transactions should be recorded. Give the journal entries in each book 1. Mr. Casey made additional investments: cash of P50,000 and furniture worth P15,000. 2. Office equipment was purchased on account, P10,000. 3. Merchandise purchases amounted to P15,000. Terms: P5,000 down, balance 2/10, n/30. 4. Sales on account amounted to P12,000. 5. Account purchases in No. 3 was paid within the discount period. 1 6. A credit memo for P1,000 was issued to a customer in No. 4. 7. Cash sales amounted to P5,000. 8. Operating expenses paid P3,000. 9. Borrowed P10,000 from the bank and issued a promissory note. 10. P10,000 was collected from the account sales in No. 4. 11. Sold to a customer who gave a promissory note, P2,500. 12. Purchased office supplies on account, P150. 13. Received a telephone bill for P300. 14. Note of customer in No. 11 was dishonored. 15. Cash purchases amounted to P15,000